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WAEC Economics 2007 Question 45

Question 45

International Trade

One advantage of international trade is that

  1. A.countries depend on each other
  2. B.it introduces variation in prices
  3. C.it increases demand for foreign goods
  4. D.it makes variety of goods available.
Show the answer and explanation

Answer: D (it makes variety of goods available.)

Explanation

Trade gives consumers goods their own country cannot produce, widening choice.