Higher levels of trade between nations results in all of the following EXCEPT ________.
A) less specialization
B) increased efficiency
C) greater consumption
D) higher standards of living

Question

Quizplus · Accepted Answer

Higher levels of trade between nations generally lead to greater specialization, as nations focus on producing goods and services that they are relatively better at producing. This leads to greater efficiency, consumption, and standards of living, but not less specialization.

Higher Levels of Trade Between Nations Results in All of the Following