Question 2 of 10
Which situation best illustrates how global trade promotes specialization?
OA. A country tries to create a trade surplus by producing a wide
variety of products that other countries want.
OB. A country ensures that it will not become too reliant on trade by
producing all of its most essential goods.
OC. A country focuses on developing software instead of growing
food because it can import food from its neighbors.
D. A country sets strict limits on the amount of goods it can export to
other countries in a single year.

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24-06-2022
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Question 2 of 10
Which situation best illustrates how global trade promotes specialization?
OA. A country tries to create a trade surplus by producing a wide
variety of products that other countries want.
OB. A country ensures that it will not become too reliant on trade by
producing all of its most essential goods.
OC. A country focuses on developing software instead of growing
food because it can import food from its neighbors.
D. A country sets strict limits on the amount of goods it can export to
other countries in a single year.

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rahulsharma789888 rahulsharma789888 · Answer 1 · 2022-06-30T08:40:02+02:00

Global trade promotes specialization by, A country focusing on developing software instead of growing food because it can import food from its neighbors. hence option c is correct.

What is global trade?

A need or desire for commodities or services leads to the exchange of capital, goods, and services across international borders or territories. Such trade contributes significantly to the gross domestic product of the majority of nations.

As an illustration, a nation may decide to specialize in producing rice in order to produce it more cheaply than beans, allocating all of its resources to the endeavor while still trading some of them for beans.

Hence option c is correct.

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