International trade is necessary because?
Question
International trade is necessary because?Options
A)
no country can live in economic isolation
B)
different countries are differently endowed in natural and man-made resources
C)
some countries have comparative costs advantage in the production of particular commodities over other countries
D)
the word demand for and supply of various categories of commodities is expanding very fast
E)
countries want to build up their foreign exchange reservers
Related Lesson: Basis or Reasons for International Trade | Fundamentals of International Trade
The correct answer is B.
More Past Questions:
Discussion
Other Subjects
- English Language
- Biology
- Government
- Mathematics
- Physics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Accounts
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- History
- Further Mathematics
- Current Affairs
- Civic Education
- Computer Studies
- Yoruba
- Hausa
- Igbo
- French
- Home Economics
- Sweet Sixteen
- Fine Arts