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Many countries are wealthy in a certain type of good, such as gold,trees, or maybe they have an abundant of crops. Yet they do are not able to provide everything for their citizens. When that happens, countries trade what they have an abundance of for things they are not able to obtain from their own country.

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Orion Wisoky

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3y ago

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Is it true that formation of trading blocs help certain nations prosper while it corners some?

Yes, the formation of trading blocs can help certain nations prosper by increasing trade opportunities and efficiency. However, it can also corner some nations that may not be able to compete with the larger economies within the bloc, leading to economic challenges for them. This highlights the importance of ensuring inclusivity and fair competition within trading blocs.


How many nations are on the continent of Africa?

Africa is one nation, but there are 54 (56 if the disputed countries are added) countries within it.


What is one example of a similarity among the Nordic nations?

One example of a similarity among the Nordic nations is their strong social welfare systems, which provide universal healthcare, education, and generous social benefits to all citizens.


Do nations today form alliances with one another for the same reasons?

Nations presently and have traditionally formed alliances for several reasons. They want to have an assurance that they will have aid during any war or battles and they want to create a bilateral trade system.


Why no country should interfere in the affairs of another?

Interfering in another country's affairs can violate its sovereignty and lead to conflict or instability. It can also be seen as imposing one's own values rather than respecting the autonomy and self-determination of that nation. International relations are based on principles of mutual respect and non-interference to ensure peace and cooperation among nations.