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Economics - Financial Markets 7 Online
OpenStudy (anonymous):

Please help will give metal!! Which of the following is not a benefit of foreign trade? A. it allows each country to produce the goods for which they have the lowest opportunity cost. B. it is mutually beneficial because nations enjoy a bigger variety of products C. Specialization creates better products D. Nations become dependent on each other

OpenStudy (anonymous):

@micahm @Cosmichaotic

OpenStudy (micahm):

Foreign trade leads to specialization and encourages production of different goods ... Naturally, on such type of goods heavy import duty is not placed. ... This helps in the development of these countries and the economies of the world at large.

OpenStudy (anonymous):

So it would be A??

OpenStudy (micahm):

correct but reread it before chooseing

OpenStudy (anonymous):

Here are some other things it's good for =0) Foreign trade helps every country to make optimum use of its natural resources. Foreign trade enables a country to obtain goods, which it cannot produce. Foreign trade leads to specialization and encourages production of different goods in different countries. - http://dailyojo.com/articles/what-are-the-benefits-of-foreign-trade.html

OpenStudy (anonymous):

Thank you very much!!

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