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WAEC Economics 2014 Question 38

Question 38

International Trade

Which of the following is not a reason countries import goods?

  1. A.Differences in natural endowments
  2. B.The law of absolute advantage
  3. C.Differences in tastes
  4. D.The love for other nations.
Show the answer and explanation

Answer: D (The love for other nations.)

Explanation

Countries import for economic reasons, not out of love for other nations.