AP® Macroeconomics

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Trade Benefits for Citizens

APMACR-D4FKTH

For which of the following reasons does trade benefits citizens?

I. Discourages specialization
II. Encourages deficit spending
III. Reduces self-sufficiency
IV. Increases competition
V. Results in a higher standard of living for its citizens

A

I only.

B

II and III only.

C

III and IV only.

D

III and V only.

E

IV and V only.