Open trade with other contries can increase the world's standard of living because more can be produced with existing resources, causing higher productivity per person, which leads to higher pay per person, which leads to individiuuals being able to puchase more goods and services.

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06-10-2022
Business

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Open trade with other contries can increase the world's standard of living because more can be produced with existing resources, causing higher productivity per person, which leads to higher pay per person, which leads to individiuuals being able to puchase more goods and services.

Sagot :

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