Countries around the world trade with one another to obtain goods and services they cannot produce which gives their consumers what? (1 point)
less options
less options
higher prices
higher prices
more choices
more choices
lower payments
more choices
more choices
Countries around the world trade with one another to obtain goods and services they cannot produce, which gives their consumers more choices.
When countries engage in international trade, they are able to access a wider range of products and services from other countries. This allows consumers in those countries to have a greater variety of options to choose from. For example, a country that has limited resources for producing certain goods can import those goods from another country that specializes in their production.
By trading internationally, countries can benefit from comparative advantage. Each country can focus on producing the goods and services they can produce most efficiently, while importing other goods from countries that can produce them more efficiently. This means that consumers have access to a wider variety of high-quality goods and services at competitive prices.
Therefore, by trading with one another, countries are able to offer their consumers more choices when it comes to goods and services.