International specialization and tradeA) must be done on a barter system.B) often requires the exchange of currencies.C) does not illustrate the division of labor.D) requires active government regulation.

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Chaitanya Pasupuleti · Accepted Answer

Final Answer : B, Explanation :  International specialization and trade often involve the exchange of currencies, as countries sell their goods and services to other countries in exchange for their respective currencies. Bartering is not a common practice in international trade. The concept of international specialization and trade is based on the division of labor, which allows countries to focus on producing goods and services that they have a comparative advantage in. While government regulation can play a role in international trade, it is not a requirement for specialization and trade to occur.

International specialization and trade

A) must be done on a barter system.
B) often requires the exchange of currencies.
C) does not illustrate the division of labor.
D) requires active government regulation.

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