Which of the following are benefits of international trade?

Business

1 answer:

AURORKA [14]3 years ago

3 0

Answer:

Please find the detailed answer as follows:

Explanation:

International trade provides many benefits:

1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.

2.differentiated products.

When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.

3.Specialisation in production

Countries specialise in the goods in which they have a comparative advantage.

You might be interested in

When the interest rate on a bond is ________ the equilibrium interest rate, in the bond market there is excess ________ and t

Talja [164]

Answer:

The correct answer here is A) above, demand , fall.

Explanation:

Whenever the interest rate on bond is more or above the equilibrium's rate of interest , then this means there is excess demand for the bond in the market and since this excess demand for bond will lead to decrease in the interest rate of the bond, while if the situation was opposite ( excess supply in market ) the interest rate would have risen.

8 0

2 years ago

Research estimates that the cost of health care is ________ higher for high-stress workers then for workers with less stress.

Taya2010 [7]

What are your choices

7 0

3 years ago

Which is the penultimate step in the planning process?

Studentka2010 [4]

Hello, The first step of financial planning process is to define specific goals. Since this is the first step I figured it is the most important.
Hope this helps..

8 0

3 years ago

When Jim Poss bought used kitchen trash compactors to tinker with and then tried some reverse engineering to test the feasibilit

Aleonysh [2.5K]

Answer:

The correct answer is a.

Explanation:

Innovators are characterized by continuously trying out new experiences and implementing ideas that do not exist. They tend to visit new places, try new things, seek new information and experiment to learn new things. In these ways, they can broaden the diversity of their knowledge and increase their ability to innovate.

Have a nice day!

8 0

2 years ago

What do you mean by modern technology?

KonstantinChe [14]

Modern technology is simply an advancement of old technology, the impact of technology in modern life is unmeasurable, we use technology in different ways and sometimes the way we implement various technologies ends up harming our lives or the society we leave in.

3 0

3 years ago