International trade is necessary mainly because
ECONOMICS
WAEC 1991
International trade is necessary mainly because
- A. no country can live in economic isolation
- B. different countries are endowed with the same natural; and man-made resources
- C. some countries have comparative cost advantage in the production of certain commodities
- D. the world demand for and supply od various categories of commodities is expanding very fast
Correct Answer: C. some countries have comparative cost advantage in the production of certain commodities
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