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WAEC Commerce 2005 Question 23

Question 23

Foreign Trade

Which of the following encourages trade between regions?

  1. A.Differences in currencies of countries
  2. B.Difference in national income of countries
  3. C.Existence of trade associations
  4. D.Differences in natural resources
Show the answer and explanation

Answer: D (Differences in natural resources)

Explanation

Regions with different resources produce different goods and trade them.