Why Does It Make Sense to Trade with Other Nations

question 215

Multiple Choice

Why does it make sense to trade with other nations?

• A) After producing all the product and service its people want and need, a nation can sell the excess products to the world.
• B) Some nations have lots of natural resources and technological know-how. They have an ethical obligation to offer the rest to other nations.
• C) Other nations need foreign currency.
• D) A nation will produce what it can produce most efficiently and effectively and buy from other nations what they can produce most efficiently and effectively.

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Definitions:

2-phenylethanamine

An organic chemical compound with the formula C8H11N, acting as a primary amine with a phenyl substituent.

2-phenylethanol

An aromatic alcohol with a floral fragrance, represented by the chemical formula C8H10O, commonly found in essential oils.

Major Organic Product

The primary substance produced in the highest yield in an organic reaction when there are multiple possible products.

Structure

The arrangement of atoms within a molecule, which dictates the molecule's chemical properties and reactions.