Once international trade occurs, a country with a comparative advantage in the production of a good will production of the good and . Question 3 options: not change; import the good decrease; export the good increase; export the good increase; import the good decrease; import the good

increase; export the good.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Once international trade occurs, a country with a comparative advantage in the production of a good will increase production of the good and export the good.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

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