Trade between countries tends to
A)reduce both competition and specialization.
B)reduce competition and increase specialization.
C)increase competition and reduce specialization.
D)increase both competition and specialization.

Question

Quizplus · Accepted Answer

Trade between countries typically increases competition as companies in different countries compete against one another. It also encourages specialization because countries tend to produce goods and services that they are most efficient at producing, due to factors like climate, technology, and skilled labor.

Trade Between Countries Tends to