When countries specialize in producing certain goods and then freely exchange those goods for other goods with different countries, what is the advantage? Group of answer choices Each country can consume at a point outside their production possibilities frontier. All people in each country will be better off than they would be if they did not trade. Each country can produce at a point outside their production possibilities frontier. Each country can produce and consume at a point outside their production possibilities frontier.

Question

When countries specialize in producing certain goods and then freely exchange those goods for other goods with different countries, what is the advantage?

Group of answer choices

Each country can consume at a point outside their production possibilities frontier.

All people in each country will be better off than they would be if they did not trade.

Each country can produce at a point outside their production possibilities frontier.

Each country can produce and consume at a point outside their production possibilities frontier.

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