Answer to Question #297990 in Economics for Varunita

Question

take a look around your house, your room and in your driveway/garage to truly assess the impact international business has had/currently has on you and your family. 

Answer 1

Participation in international business allows countries to take advantage of specialized expertise and abundant factors of production to deliver goods and services into the international marketplace. This has the benefit of increasing the variety of goods and services available in the marketplace.