Nations trade what they produce in excess of their own consumption to:

Question

Quizplus · Accepted Answer

Nations engage in trade to acquire goods and services that they do not produce or produce in insufficient quantities. By exchanging their own excess production for goods produced by other countries, they can enhance their living standards and increase their access to a wider range of products. By acquiring more goods, they can also stimulate their domestic economy and increase the availability of jobs. Trade can help reduce the size of foreign trade deficits, but this is not the primary reason for engaging in trade. The prevention of chronic surpluses from driving down domestic prices is not a main reason for engaging in trade either. Nations do not trade to earn goodwill from the World Bank, but rather to promote economic prosperity and cooperation with other nations.

Nations Trade What They Produce in Excess of Their Own