Which of the following is a potential advantage of trade for a nation?

Improved access to diverse products is a significant advantage of trade for a nation. When countries engage in international trade, they can import goods and services that may not be available or that are produced more efficiently elsewhere. This broadens the choices available to consumers and businesses alike, leading to better quality, a wider variety of products, and potentially lower prices due to increased competition among producers.

Trade fosters specialization and efficiency, allowing countries to focus on producing goods where they have a comparative advantage, while importing other goods. As a result, consumers in a trading nation benefit from increased product variety that enhances their standard of living and meets their needs more effectively. This exposure to diverse products can also encourage innovation and improvements in domestic industries as they adapt to compete in a global marketplace.