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LiRa [457]
2 years ago
11

How does specialization affect international trade

Business
1 answer:
frozen [14]2 years ago
3 0

Answer:

Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

Explanation:

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