How does international trade lead to specialization?
A. Countries become more dependent on each other for buying and selling manufactured goods.
B. Labor can be outsourced cheaply to other countries, which brings down production costs.
C. Countries can make the best use of resources by buying what they don't have from other nations.
D. Industries begin to compete to offer the best prices and increase demand.
Answer (1)
International trade leads to specialization by allowing countries to focus on their strengths and manage resources more effectively. It encourages cost efficiency through outsourcing and fosters competition that drives innovation. Ultimately, this interdependence encourages countries to engage in trade, benefiting everyone involved. ;
