Question

Why do countries trade goods and services?

(1 point)
Responses

because they want to reduce interdependence

because they want to reduce interdependence

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

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

because they want to help other countries grow

because they want to help other countries grow

because they want to protect domestic industries from competition

thx!

Answer 1

you sure?

Answer 2

Countries trade goods and services primarily **because they do not have all the goods and resources they need.** Trade allows countries to obtain resources, products, and services that they lack or find more efficiently produced elsewhere, leading to increased economic growth and efficiency.

Answer 3

Yes, I’m sure. The primary reason countries engage in trade is to access goods and resources that they do not produce domestically or to acquire them more efficiently from other nations. This allows them to specialize in the production of goods and services they can create most effectively, thus maximizing overall economic efficiency and benefiting consumers. While there are other motivations for trade, such as fostering growth in other countries or protecting domestic industries, the fundamental reason remains the need for resources and products that are not available locally.