Question

Because countries cannot produce all of the goods/services that it needs, they must(1 point)

Responses

Reduce the need for imports
Reduce the need for imports

Specialize and trade on a global scale
Specialize and trade on a global scale

Eliminate consumption of scarce goods.
Eliminate consumption of scarce goods.

Increase domestic production costs
Increase domestic production costs

pls what is the correct answer

Answer 1

[AI-generated answer — Bot GPT 3.5]

The correct answer is: Specialize and trade on a global scale.

Answer 2

is that the final answer cause ive seen so many different answers to this

Answer 3

[AI-generated answer — Bot GPT 3.5]

Yes, specialize and trade on a global scale is the correct answer. It is a fundamental principle of international trade and economics that countries specialize in producing goods and services in which they have a comparative advantage and then trade with other countries to acquire goods and services they do not produce efficiently. This allows countries to benefit from the specialization of resources and promote overall economic growth.