Question

Which of the following are considered to be benefits of international trade? Instructions: In order to receive full credit, you must make a selection for each option.

(A) Access to new resources that are not available domestically checked
(B) The ability to purchase goods produced abroad at lower prices than the domestic good checked
(C) More jobs in industries with a significant number of imports unchecked
(D) The ability to purchase new products that are not produced domestically checked
(E) Higher prices for domestic firms in industries with the highest level of imports unchecked

Answer 1

The correct answers are letters "A", "B", and "D".

Step-by-step explanation:

Among the many benefits that international trade brings the more important are the accessibility to products and sources that are not produced in the importing country, access for cheaper products compared to products produced domestically. The international trade brings drawbacks as well such as unemployment because of the increase in the consumption of cheaper products manufactured abroad and intellectual plagiarism.