Business Studies

International trade is based on the idea that ____________.


ANSWER

resources are less mobile internationally


SOLUTION
  • International trade refers to buying and selling of goods and services in different countries. Hence, it is based on the idea that resources are less mobile internationally.
  • The fundamental reason behind international trade is that the countries cannot produce equally well or cheaply all that they need. This is because of the unequal distribution of natural resources among them or differences in their productivity levels.
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Single Correct Medium Published on 18th 08, 2020
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