Question

When exchanges are taking place
between nations with specialized
products, what is the result?
A. Businesses and consumers will benefit more.
B. Trade wars occur.
C. Prices of all products increase.
D. World-wide economic depression happens.

Answer 1

Answer:

B

International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.

Answer 2

The result of an exchanges between nations with specialized products will be that businesses and consumers will benefit more.

What caused the Consumer benefits?

Because a product specialization means that the opportunity cost of production is lower which means more goods are produced and prices are lower.

Therefore, the Option A is correct.

Read more about product specialization

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