Asked by sophia dudich on May 01, 2024

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The greatest benefit to an economy from international trade is

A) greater employment in the export sector of the economy.
B) the economic power it gives a nation over other countries.
C) full employment of its labor force.
D) consumption beyond domestic production possibilities.

Domestic Production

The output of goods and services produced within a country's borders, reflecting the overall activity of its economy.

  • Recognize the value of international exchange to economic development, particularly the concept of accessing goods beyond the limitations of national production.
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TB
Tayah BonneyMay 07, 2024
Final Answer :
D
Explanation :
International trade allows a country to consume more than it would be able to produce on its own, expanding its consumption possibilities beyond its domestic production capabilities. This is because it can specialize in producing goods and services it is most efficient at and trade for others, leading to an overall increase in available goods and services.