The major reason why nations engage in international trade is that?
ECONOMICS
JAMB 2001
The major reason why nations engage in international trade is that?
- A. it allows free movement of factors of production
- B. it makes possible the use of capital-intensive method of production
- C. nations are substantially different in their endowments of economic resources
- D. it affords the trading nations the opportunity to earn high profit
Correct Answer: C. nations are substantially different in their endowments of economic resources
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