no country can live in economic isolation
different countries are differently endowed in natural and man-made resources
some countries have comparative costs advantage in the production of particular commodities over other countries
the word demand for and supply of various categories of commodities is expanding very fast
countries want to build up their foreign exchange reservers
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Here are some Importance of International Trade : 1) International Trade enables the fuller utilization of resources. ... 2) Because of International Trade the trading partners gets goods cheaper than otherwise. Because every country produce those goods in the production of which it has to occur less comparative cost.
Please oooo
The answer here is Capital C
Comparative cost also known as relative cost advantage
The answer is wrong.
The correct answer is option C. Comparative cost advantage in the production of certain products is the reason for international trade.
