5
QuizMultiple Choice

The Contemporary Global Economy — Quiz

Question 5 • Principles of American Democracy

How does international trade lead to specialization?

Answer
A
Labor can be outsourced cheaply to other countries, which brings down production costs.
B
Countries become more dependent on each other for buying and selling manufactured goods.
C
Countries can make the best use of resources by buying what they don’t have from other nations.
D
Industries begin to compete to offer the best prices and increase demand.
Previous
Next