The Benefits of International Trade Quiz

Because we want to reduce our dependence on domestic production

Because we want to support other countries' economies

Because they are cheaper to import

Because they are not produced domestically (correct)

To analyze the impact of tariffs on trade

To explore the history of international trade

To explain the benefits of importing goods and services

To provide answers to questions about engaging in international trade (correct)

The belief that national power is achieved by having constant large quantities of exports over imports

The economic policy trending in Europe from the 16th to the 18th centuries (correct)

The government's control of industry and trade

The trade and commercial affairs of a country

<p>To provide answers to questions about engaging in international trade</p> Signup and view all the answers

<p>By having constant large quantities of exports over imports</p> Signup and view all the answers