It encourages specialization which means more profit.
It increases competition and innovation.
It allows for the efficient allocation of resources.
It promotes economic growth and development.
It expands market opportunities and increases consumer choices.
It fosters international cooperation and peaceful relations between nations.
How does voluntary trade help the economy?(1 point)
Responses
It puts strict trade barriers in place.
It puts strict trade barriers in place.
It sets extremely high prices on imports.
It sets extremely high prices on imports.
It involves too many government regulations.
It involves too many government regulations.
It encourages specialization which means more profit.
1 answer