Answered

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Trade:________
a. allows specialization, which increases costs.
b. reduces specialization, which reduces costs.
c. allows specialization, which reduces costs.
d. reduces specialization, which increases costs.

Sagot :

The correct option is C.

Trade allows specialization, which reduces costs.

We often hear about how trade makes us all better off because of the specialization that it creates. A country will concentrate on producing goods and services in which it has a comparative advantage, allowing it to gain a greater level of consumption than it would if it produced all goods and services at home.

A country can specialize in certain goods through trade. Doing so typically increases the cost of these goods because, since they are being produced by just one country, they can't be made cheaply and quickly.

However, this increased price lowers the prices for other goods that come from outside countries. It's a win-win situation! Increased costs for some products allow for lower prices for others; people have more choices when it comes to where their products come from.

They can also get more specialized items from only one country if they choose not to import them: They would be less likely to have any trouble with delivery and quality control.

Specialization is allowed by trade, which reduces costs. But When countries stop trading with each other, they start producing all of their own goods.

That means every single product must be manufactured at home. The process takes longer and makes everything more expensive--even though there is no extra shipping involved. The result? Even worse economic problems than before!

To learn more about Trade refer:

brainly.com/question/27622280

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