If Every Country Specializes in What It Produces Best and Then

question 22

True/False

If every country specializes in what it produces best and then trades,more will be produced than if each country tries to produce everything for its own needs.

---

Definitions:

Revolving Line of Credit

A credit arrangement that allows a borrower to use, repay, and re-borrow funds up to a specified credit limit.

Intergovernmental Organization

An entity created by treaty, involving two or more nations, to work on issues of common interest or cooperation.

Money

A medium of exchange that allows the transfer of value, typically in the form of coins and banknotes.

Domestic Currency

The legal currency issued by a country's central bank or monetary authority that is used for transactions within the country.