QUESTION IMAGE
Question
why do nations engage in international trade?
○ to export goods that cannot be made within the country
○ to export goods and services that they need
○ to import goods that can be sold for profit
○ to import needed goods and services
Brief Explanations
- Analyze each option:
- Option 1: Nations export goods they can produce, not those they can't make. So this is incorrect.
- Option 2: Export is for goods/services produced, import is for needed ones. So this is incorrect.
- Option 3: Import for profit - oriented goods is not the main reason; main is to get needed items. So this is incorrect.
- Option 4: Nations engage in international trade to import goods and services that are needed but may not be produced domestically or are more efficient to import. This aligns with the purpose of international trade.
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D. To import needed goods and services