Question

International trade and specialization most often lead to which of the following?

An increase in a nation's productivity

A decrease in a nation's economic growth in the long-term

An increase in a nation's import tariffs

A decrease in a nation's standard of living

Answer 1

A decrease in a nation's economic growth in the long-term

Answer 2

An increase in a nation's productivity

Step-by-step explanation:

International trade is a way for nations to prosper economically. Through trade, nations can specialize in the production of goods in which they have the advantage of production, for export. In contrast, nations can import those goods where they are not efficient in production. Thus, each nation specializes in a particular type of good, thereby increasing productivity.