The Trade Benefits of International Commerce

Decreases value added products

Reduces GNP

Increases unemployment

Promotes Industrialization (correct)

When a country produces goods and services for its own consumption

When a country buys goods and services from another country

When a country sells its goods and services to another country (correct)

When a country imports goods and services from another country

Aircraft parts and scrap metals

Food, machinery, and textiles

Electrical appliances and cotton yarn

Consumer goods, Capital goods, and raw materials (correct)

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