Which of the following best explains why a nation exports specific products and services?
A) Whether the nation has international companies
B) Whether a nation has a trade surplus
C) Whether a nation has an absolute advantage
D) Whether a nation has a balance of trade
E) The level of the country's GNP

Question

Quizplus · Accepted Answer

A nation exports specific products and services when they have an absolute advantage in producing those goods or services. This means they can produce them at a lower cost or with higher quality than other countries.

(Note: none of the other options given fully explain the reason for a nation's specific exports.)

Which of the Following Best Explains Why a Nation Exports