ScienceEconomicsInternational Trade example #39094
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International Trade example #39094

Tori Watson avatar Tori Watson
2 April 2024
4.4 (98 reviews)
10 test answers

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question
Which region is most likely to export bananas to the United States?
answer
Central America
question
A country with an absolute advantage can produce a good or service
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more efficiently than another country.
question
When a country chooses to limit the kinds of goods or services it produces, it is practicing
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specialization.
question
Which is the best example of a country that is dependent on other countries?
answer
a country that has little fertile soil
question
A company in Maine sends lobsters to France. What is Maine doing? Check all that apply.
answer
practicing international trade exporting products participating in globalization
question
Which situation might cause a country to specialize?
answer
wheat production in a region with fertile soil
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How does specialization enable countries to trade with one another?
answer
A country can make and sell goods affordably and buy goods that it is inefficient at making.
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What role does competition play in international trade?
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It drives down prices for consumers.
question
Which is an example of a country that is overly dependent on another country for critical goods and services?
answer
a country that imports all its oil
question
Which region specializes in diamonds?
answer
Sub-Saharan Africa