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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

In general, a primary reason why nations conduct international trade is that ______. - Economics

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Question

In general, a primary reason why nations conduct international trade is that ______.

Options

  • Some nations prefer to produce one thing while others produce another

  • Resources are not equally distributed among all trading nations

  • Trade enhances opportunities to accumulate profits

  • Interest rates are not identical in all trading nations

MCQ
Fill in the Blanks

Solution

In general, a primary reason why nations conduct international trade is that resources are not equally distributed among all trading nations.

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Theories of International Trade
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Chapter 7: International Economics - Model Questions [Page 149]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 7 International Economics
Model Questions | Q 4. | Page 149
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