Which of the Following Best Expresses the Benefit from International

question 158

Multiple Choice

Which of the following best expresses the benefit from international trade?

• A)With trade, each country can concentrate on producing those goods and services that it produces most efficiently.
• B)With trade, a country can increase its political involvement on a global scale.
• C)Increased U.S.trade would improve high-tech exports but not agricultural exports.
• D)Increased trade would increase U.S.exports and decrease U.S.imports.
• E)Increased trade implies that exports of goods and services will always equal imports of goods and services.

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Definitions:

Benjamin Franklin

A Founding Father of the United States, noted for his discoveries and theories regarding electricity, and numerous civic contributions.

Seven Years' War

Between 1756 and 1763, a major international conflict took place, drawing in the predominant powers of the period and spanning continents such as Europe, North America, Central America, as well as areas like the West African coast, India, and the Philippines.

Colonial Assemblies

Legislative bodies established in the American colonies, which represented the interests of the colonists and had the authority to pass laws pertaining to the colony.