Which of the following is a major benefit of international trade?
Answer Details
The major benefit of international trade is revenue generation. This means that countries can sell their goods and services to other countries and generate income that can be used for economic growth and development. International trade also creates jobs and stimulates competition, which can lead to lower prices and higher quality products. While there are other potential benefits to international trade, such as the stabilization of prices, the free movement of people across borders, and increased access to essential goods, revenue generation is considered the most significant benefit.