Question

Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods domestically but can obtain 1 unit of capital goods from another country by trading 1 unit of consumer goods for it. This reality illustrates

Answer 1

Answer:

The correct answer is: achieving points beyond the curve of production possibilities through international specialization and trade.

Explanation:

International trade is a global concept that incorporates exports and exports of products and services worldwide. It is a term that has more relevance with the economy.

In the last 200 years, international trade is a growth engine for the world. Large companies have grown and other countries have prospered by exports and imports.