55
Lesson 55 of 84 · Economics
International Trade: Why Countries Trade
International trade lets countries specialize: Japan exports cars, Brazil exports coffee, Saudi Arabia exports oil. Everyone benefits from getting what they do best.
Key Facts
1
Trade connects people globally.
2
Every choice has an opportunity cost.
3
Money is a medium of exchange.
Check Your Understanding
Question 1
1 of 2What is an opportunity cost?