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

because they want to protect domestic industries from competition

1 answer

Countries trade goods and services mainly because they do not have all the goods and resources they need. This option highlights the fundamental reason for international trade: different countries possess different resources, technologies, and products, leading them to engage in trade to obtain what they lack.