Question

Best reason for countries to participate in foreign trade

Answer 1

International trade is the exchange of capital, goods, and services across international borders or territories. Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.
Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.

Answer 2

allows wealthy countries to use their resources—for example, labor, technology, or capital—more efficiently