Question

Because countries cannot produce all of the goods/services that it needs, they must(1 point)
Responses

Reduce the need for imports
Reduce the need for imports

Specialize and trade on a global scale
Specialize and trade on a global scale

Eliminate consumption of scarce goods.
Eliminate consumption of scarce goods.

Increase domestic production costs
Increase domestic production costs

Answer 1

None of the above responses are correct. The correct response is "Specialize and trade on a global scale." Countries specialize in producing goods and services that they have a comparative advantage in, while trading with other countries for goods and services they cannot produce efficiently themselves. This allows for the efficient allocation of resources and access to a wider variety of goods and services.