International Trade Answers
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How does specialization enable countries to trade with one another?
A
A country can make and sell goods affordably and buy goods that it is inefficient at making.B
A country can make what it chooses and sell its goods to other countries.C
A country can decide to buy everything it needs from other countries.D
A country can efficiently make goods that were once difficult to make.2
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The table compares two countries and two products.
A
focus both on its petroleum and seafood industriesB
focus on the seafood industry onlyC
focus on the petroleum industry onlyD
decide to find another industry to focus on3
Which situation might cause a country to specialize?
A
bananas grown far from major transportationB
seafood in an area with few fishing vesselsC
electronics in a city with few trained workersD
wheat production in a region with fertile soil4
Which is the best example of a country that is dependent on other countries?
A
a country that has little fertile soilB
a country that has no importsC
a country with grain surplusesD
a country with a diverse economy5
Which is an example of a country that is overly dependent on another country for critical goods and services?
A
a country that imports all its oilB
a country that imports all of its luxury goodsC
a country that licenses some television showsD
a country that has some international businessesDid you find these answers helpful?
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