International Trade Answers

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Which situation might cause a country to specialize?

bananas grown far from major transportation

seafood in an area with few fishing vessels

electronics in a city with few trained workers

wheat production in a region with fertile soil

Which region specializes in diamonds?

Central America

Middle East

Europe

Sub-Saharan Africa

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

A country with an absolute advantage can produce a good or service

more slowly than another country.

more efficiently than another country.

less efficiently than another country.

in twice the time as another country.

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