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20 June, 01:07

Trade between countries leads to

A. reduced labor productivity.

B. high unemployment in all trading partners.

C. higher product prices.

D. higher standards of living.

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Answers (1)
  1. 20 June, 03:12
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    Trade leads to a higher standard of living.

    Imagine if country A had a surplus of coffee beans and country B of tea leaves.

    Then they could trade with each other and the citizens of both could have access to both goods; and without trade they would only have access to one good.
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