To increase economic efficiency

To promote cultural exchange

To reduce political tensions

To increase military power

The theory that countries should specialize in the production of goods and services that they have an absolute advantage in.

The theory that countries should specialize in the production of goods and services that they have a comparative advantage in.

The theory that countries should trade with each other in order to achieve a balance of payments.

The theory that countries should trade with each other in order to promote economic growth.

Absolute advantage is the ability to produce a good or service with fewer resources than another country, while comparative advantage is the ability to produce a good or service with a lower opportunity cost than another country.

Absolute advantage is the ability to produce a good or service with more resources than another country, while comparative advantage is the ability to produce a good or service with a higher opportunity cost than another country.

Absolute advantage is the ability to produce a good or service with the same resources as another country, while comparative advantage is the ability to produce a good or service with a lower opportunity cost than another country.

Absolute advantage is the ability to produce a good or service with the same resources as another country, while comparative advantage is the ability to produce a good or service with a higher opportunity cost than another country.

To protect domestic industries from foreign competition

To generate revenue for the government

To promote economic growth

To reduce unemployment

To limit the quantity of a good or service that can be imported

To generate revenue for the government

To promote economic growth

To reduce unemployment

To determine the relative prices of goods and services between countries

To generate revenue for the government

To promote economic growth

To reduce unemployment

To promote free trade between countries

To resolve trade disputes between countries

To set standards for international trade

All of the above

Increased economic efficiency

Lower prices for consumers

More variety of goods and services

All of the above

Job losses in some industries

Increased inequality

Environmental damage

All of the above

The rise of protectionism

The increasing complexity of global supply chains

The impact of climate change

All of the above

More free trade

More protectionism

A more regionalized trading system

A more sustainable trading system

The rise of e-commerce

The increasing importance of intellectual property

The growing role of services in trade

All of the above

Increased economic growth

Reduced poverty

Greater inequality

All of the above

Promote free trade

Invest in education and training

Support developing countries

All of the above

It allows countries to specialize in the production of goods and services that they have a comparative advantage in.

It leads to increased economic efficiency and growth.

It helps to reduce poverty and inequality.

All of the above.