2
QuizMultiple Choice

International Trade

Question 2 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

Why do most countries both export and import goods?

Answer
A
to eliminate competition from other economies
B
to decrease the production of goods domestically
C
to rely entirely on foreign economies
D
to get a good mix of goods and services

Explanation

Countries export goods they can produce or supply and import goods that are unavailable, scarce, or more costly to make at home. Trading in both directions gives people and businesses access to a wider mix of goods and services. This is why “to get a good mix of goods and services” is correct; trade does not eliminate competition or mean relying entirely on other countries.

AI-written and checked against the verified answer.

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