The main reason why one nation trades with another is to
a. save its natural resources from rapid depletion.
b. exploit the advantages of specialization.
c. eliminate the danger of retaliation from other nations.
d. improve political alliances.
b
Economics
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When a country's real exchange rate depreciates,
A) its nominal exchange rate must have appreciated. B) its nominal exchange rate must also have depreciated. C) it can trade its goods for fewer units of foreign goods. D) it can trade its goods for more units of foreign goods.
Economics
When barriers to trade are imposed, we should expect some groups to be harmed at the expense of other groups
a. True b. False Indicate whether the statement is true or false
Economics