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What do countries gain from trade?

Updated: 9/22/2023
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Q: What do countries gain from trade?
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Why do countries need to trade?

Countries need to trade because they do not have all of the resources they need to survive. Countries also gain by trading what they have in surplus.


Why countries gain from trade?

they get certain items or things that the other countries offer for something they have


How was the U.s. economic policy toward Japan and China similar during the 19th century?

Answer this question… The United States worked to open both countries to foreign trade.


Why do EU countries mostly trade with other EU countries?

Although it doesn't make sense since they're both EU countries... They trade in some parts they trade with other countries, like US or SA ... And so when they get those things they trade with other parts of EU. In other words, they gain new things other parts don't have. So they pretty much trade.


List three reasons European countries explored north America?

European countries explored North America to find a sea route to Asia for trade, to spread Christianity to indigenous populations, and to establish colonies for economic and territorial gains.


What are the advantages and disadvantages of specialization on trade between countries in Southern and Eastern Asia?

the advantage is that when you specialize you can trade with other countries and get the product they specialize in the disadvantage is when you want to trade with someone to gain there product you end up losing more or another disadvantage is you might accedently trade with someone that has the same product as you


What do the caricom countries trade and why do they trade?

What do the caricom countries trade and why do they trade?


What was the purpose of john hays open door notes?

To gain support from other countries for a policy of equal opportunity for trade with China


Distinguish detween static and dynamic gain from trade?

Distinguish detween static and dynamic gain from trade?


Why isn't trade among countries like a game with some winners and some losers?

trade is serious, it's about reaching a win-win situation, it is not like a game or something, maybe there will be some countries get more benefits, but both will get better off than they don't trade at all.


What do countries trade with other countries?

Countries trade a variety of goods, such as raw materials, manufactured products, services, and sometimes intellectual property. This trade helps countries access resources they lack and boosts their economies by creating employment opportunities and generating revenue. Additionally, trade fosters cooperation and mutual benefits between nations.


What countries do Romania trade with?

Romania has trade relations with the majority of the countries in the world.