Final answer:
People in nations that engage in international trade are likely to consume more than they could consume in the absence of trade, lower their standards of living, and experience an increase in overall production levels.
Step-by-step explanation:
International trade is likely to lead to the consumption of more goods and services than would be possible in the absence of trade. This is because countries can specialize in producing goods and services in which they have a comparative advantage, and then trade with other countries to obtain a wider variety of goods and services. For example, a country that has a comparative advantage in producing agricultural products can trade its surplus with another country that has a comparative advantage in manufacturing.
By engaging in international trade, people in nations can benefit from access to a greater variety of quality products at attractive prices. This can lead to an improvement in their standard of living. For example, a consumer in one country can buy imported electronics at lower prices than if they were only available domestically.
Overall, international trade can increase the level of production and economic activity in nations. By trading with other countries, nations can access resources, technology, and expertise that may not be available domestically. This can lead to higher overall production levels and economic growth. For example, a country that lacks natural resources can import them from other countries to support its industries.