Which of the Following Is One Reason Why Nations Trade

question 30

Multiple Choice

Which of the following is one reason why nations trade?

• A)The wants of their citizens exceeds their productive capacity.
• B)No one country produces all of what citizens within the country want.
• C)Labour costs are too high in some countries to efficiently produce goods.
• D)Different countries have different levels of greed.

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Definitions:

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Erikson

A psychologist known for developing a theory of psychosocial development that outlines eight stages people go through in their lifetime.

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A stage of adult development where the focus is on guiding the next generation and contributing to society.

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A personal connection that is intimate, friendly, and often characterized by affection or love with another person or group.