International trade is desirable because it
...International trade is desirable because it
May lead to overproduction
Brings about over-dependence of countries on one another
Provides foreign market for local goods
Brings about unhealthy competition and rivalries
Correct answer is C
International trade allows countries, states, brands, and businesses to buy and sell in foreign markets. This trade diversifies the products and services that various countries offer thereby providing an international market for local goods.
Resources are pooled for the mutual benefit of its members mainly in a ...
Disposable income is an income which ...
Government can curb inflation by________ ...
In calculating the Gross National Product (GNP) by the income approach, all the following are i...
The production cost that varies inversely with output is the ...
When a country's population is experiencing increase returns, that country is said to be? ...
The demand for two or more commodities to satisfy a particular want is _____? ...