Question

can you answer these questions

Why do most countries both export and import goods?

to eliminate competition from other economies
to decrease the production of goods domestically
to rely entirely on foreign economies
to get a good mix of goods and services

Which statement best describes how globalization is affecting the world?

Globalization is growing less important as time passes.
The world is becoming more globalized and connected.
Globalization has resulted in fewer connections among countries.
Countries are growing less likely to trade with one another.

Which situation is the best example of opportunity cost?


A country chooses to produce bananas instead of wheat.
A country chooses to invest in manufacturing and agriculture.
A country chooses to specialize in producing paper products.
A country chooses to export all of its products.

What kind of advantage does a country have if it can make a product more efficiently?

an import advantage.
an export advantage.
a comparative advantage.
an absolute advantage.

Which is the best example of a country that is dependent on other countries?

a country that has little fertile soil
a country that has no imports
a country with grain surpluses
a country with a diverse economy

Answer 1

Here are the best answers with brief explanations:

1) to get a good mix of goods and services — trade lets countries obtain items they don't produce or that are cheaper elsewhere.
2) The world is becoming more globalized and connected. — globalization increases trade, communication, and ties among countries.
3) A country chooses to produce bananas instead of wheat. — opportunity cost is the next-best thing given up (wheat).
4) an absolute advantage. — making a product more efficiently means an absolute advantage.
5) a country that has little fertile soil — it must rely on other countries for food and agricultural products.