International Trade

Question 1

What is a reason countries import goods?

Answer 1

Lack of Natural Resources

Question 2

What is a reason countries import goods?

Answer 2

Unsuitable Climate

Question 3

What is a reason countries import goods?

Answer 3

Lack of Skills

Question 4

What is a reason countries import goods?

Answer 4

Improved consumer choice

Question 5

What is a reason countries export goods?

Answer 5

Survival

Question 6

What is a reason countries export goods?

Answer 6

Increased sales and profits

Question 7

What is a reason countries export goods?

Answer 7

Diversification

Question 8

What is a reason countries import goods?

Answer 8

Countries may import goods when they lack natural resources, such as oil.

Question 9

What is a reason countries export goods?

Answer 9

Exporting allows businesses to reach larger international markets and achieve economies of scale.

Question 10

What is a reason countries import goods?

Answer 10

Countries import goods that cannot be produced domestically due to unsuitable climate.

Question 11

What is a reason countries export goods?

Answer 11

Exporting helps reduce dependence on a single market, providing economic stability.