What is a likely benefit of increased national specialisation?
It guarantees a balance of trade in goods and services surplus.
It increases dependency on other economies.
It lengthens international supply chains.
It reduces the cost of living.
D
What is not a likely benefit of free trade?
consumers should experience lower prices
consumers should have a greater choice of goods
firms could be protected from foreign competition
firms could take advantage of economies of scale
C
What is an advantage of international specialisation?
Choice is limited.
Countries become over-dependent on each other.
Resources are used more efficiently.
Transport costs are decreased.
C