Global Exchange of Goods...
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Bonbo
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ECONOMICS
International Trade
Global Exchange of Goods and Services
Global trade networks sparked unprecedented economic growth and cultural exchange
2 hours ago
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What is a primary reason countries engage in international trade?
To eliminate all domestic industries
To obtain goods or services that are more efficiently produced elsewhere
To avoid any form of economic cooperation
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ECONOMICS
International Trade
Global Exchange of Goods and Services
How international trade weaves the global economy into a single marketplace
5 Feb 2026
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What is the main economic principle that explains why countries engage in international trade?
Absolute advantage, where countries only trade if they produce goods more efficiently than others.
Trade is mainly driven by countries wanting to be self-sufficient and avoid imports.
Comparative advantage, where countries specialize in producing goods they can make most efficiently.
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