International trade is necessary because?

International trade is necessary because?
  • A.
    no country can live in economic isolation
  • B.
    different countries are differently endowed in natural and man-made resources
  • C.
    some countries have comparative costs advantage in the production of particular commodities over other countries
  • D.
    the word demand for and supply of various categories of commodities is expanding very fast
  • E.
    countries want to build up their foreign exchange reservers
Correct Answer: Option B
Explanation
You May Also Like