Which of the following is a benefit of international trade?

International trade provides numerous benefits to countries and businesses, one of which is access to a larger market for goods and services. When countries engage in trade, they are able to tap into consumer bases beyond their own borders. This expanded market access allows businesses to increase their sales potential and scale production, which can lead to greater economies of scale. Companies can reach more customers, benefit from diversification of their product offerings, and ultimately enhance their profitability.

Access to a larger market stimulates innovation and competition, giving consumers more choices and potentially leading to better prices and quality. Moreover, this access fosters economic growth and can contribute to job creation in a country as companies expand to meet the increased demand for their products in international markets.

The other options do not accurately reflect benefits of international trade. Limiting competition among domestic companies and ensuring monopoly for local producers can lead to inefficiencies and reduced innovation. Reducing tariffs on all imports is a goal of trade liberalization rather than a direct benefit of trade, as tariffs can vary significantly across products and countries.