A primary reason why nations conduct international trade is because:
A) Some nations prefer to produce one thing while others produce other things
B) Resources are not equally distributed among all trading nations
C) Trade enhances opportunities to accumulate profits
D) Interest rates are not identical in all trading nations
Correct Answer:
Verified
Q12: International trade forces domestic firms to become
Q13: The largest amount of trade with the
Q14: A main advantage of specialization results from:
A)
Q15: If a nation has an open economy,it
Q16: For a nation to maximize its productivity
Q18: _ is the ability of a firm/industry,under
Q19: Economists have generally found that economic growth
Q20: Increased foreign competition tends to:
A) Intensify inflationary
Q22: Following World War II,The U.S.:
A) became less
Q52: The benefits of international trade accrue in
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