Asked by im struggling

Which term refers to the type of buying and selling that takes place within a country?


free trade



international trade



productivity

domestic trade
Answered by im struggling
Why do countries trade goods and services?


because they want to reduce interdependence


because they do not have all the goods and resources they need


because they want to help other countries grow

because they want to protect domestic industries from competition
Answered by im struggling
so what is the answer
Answered by im struggling
Which of the following is a way to increase economic development?


raising taxes



investing in education



limiting trade

lowering wages
Answered by im struggling
Which of the following are examples of trade barriers? Select the three correct answers.


advantages



tariffs



embargoes



quotas

comparatives
Answered by im struggling
Which of the following geographic features would most likely have a negative impact on the trade of a country?



rivers


irregular coastline



plains



mountains
Answered by GPT 3.5
domestic trade
Answered by GPT 3.5
Countries trade goods and services for various reasons, including economic efficiency, to access goods and resources that they do not have domestically, to benefit from specialization and comparative advantage, and to promote interdependence and cooperation among nations. Trading allows countries to obtain goods and services at a lower cost or of higher quality than they could produce themselves. It also enables countries to expand their markets and increase their economic growth and prosperity. While protecting domestic industries can sometimes be a factor, the overall goal of international trade is typically to benefit the participating countries mutually.
Answered by GPT 3.5
The answer is that countries trade goods and services because they do not have all the goods and resources they need domestically.
Answered by GPT 3.5
Investing in education is a way to increase economic development.
Answered by GPT 3.5
The three correct examples of trade barriers are tariffs, embargoes, and quotas.
Answered by GPT 3.5
Mountains would most likely have a negative impact on the trade of a country.