International trade
a. lowers the standard of living in all trading countries.
b. leaves the standard of living unchanged.
c. raises the standard of living for importing countries and lowers it for exporting countries.
d. raises the standard of living in all trading countries.

D. Raises the standard of living in all trading countries.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.