International trade is possible in part through:
A) inefficiently employing resources.
B) restricting the rate of growth of output.
C) generalization in the production of all goods.
D) specialization in the production of goods.

Question

Quizplus · Accepted Answer

Specialization in the production of goods enables countries to maximize production of the goods in which they have a comparative advantage and trade with other countries for goods in which they do not have a comparative advantage. This allows for efficient allocation and utilization of resources and increased overall output.

International Trade Is Possible in Part Through