Country A is rich with natural resources. Its lush forests provide timber, its fertile soil is used to farm produce and cotton, and its vast mineral reserves are virtually untapped. Country B is heavily industrialized and is a major manufacturer of equipment, automobiles, and technology. Why should the two countries trade with each other?

Sample Answer: Countries A and B should trade with each other because country A can produce timber, minerals, and other raw materials for country B’s industries. Country B can export its manufactured goods to country A and various other countries. By engaging in trade, the countries increase each other’s exports and enable each country to get what it needs.

Explanation: From Plato

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priyankapandeyVT priyankapandeyVT · Answer 2 · 2022-05-07T09:14:58+02:00

International trade allows countries to extend their markets and gain access to commodities and services that might otherwise be unavailable in their own country, explained further.

What Is Global/International Trade?

International trade allows countries to extend their markets and gain access to commodities and services that might otherwise be unavailable in their own country. The market has become more competitive as a result of international trade. As a result, pricing becomes competitive, and consumers receive a lower-cost product.

Country A can produce lumber, minerals, and other raw resources for country B's industries, the two countries should trade. Country B has the ability to export manufactured items to both country A and a number of other countries. By trading, the countries enhance each other's exports and provide each other with what they require.

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