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Which of the following is not a reason countries import g...

Which of the following is not a reason countries import goods?

A.

Differences in natural endowments

B.

The law of absolute advantage

C.

Differences in tastes

D.

The love for other nations

Correct answer is D

Reasons for importing goods might include:

  • Meeting customer demand.
  • Sourcing products that don't exist in the country's borders.
  • Cost of importing is lower than the cost of manufacturing.
  • Quality of the product is better when imported.