Question

Which among the following is/are the benefit(s) that international trade brings to nation?

• A. Earning of foreign exchange
• B. More efficient use of resources
• C. Improving growth prospects and employment potentials
• D. All of the above

Answer 1

The correct option is D All of the above

The advantages of trade. International trade brings a number of valuable benefits to a country, including.Producing a narrow range of goods and services for the domestic and export market means that a country can produce in at higher volumes, which provides further cost benefits in terms of economies of scale.