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Which of the following are benefits of international trade?

.
A. Technology differences unchecked
B. Specialization in production unchecked
C. Cheap foreign labor unchecked
D. Government mandates unchecked
E. Differentiated products

1 Answer

2 votes

Answer:

Please find the detailed answer as follows:

Step-by-step 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.

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