A country can have a wealth of natural resources, yet still need to en

QUESTION

A country can have a wealth of natural resources, yet still need to engage in trade with other countries. What is the most common reason for this?

A) lack of technology
B) unskilled labor
C) lack of self-sufficiency
D) low domestic demand
E) countertrading

ANSWER

Answer: C
Explanation: C) No country is able to produce all the goods or services that its people want. Every country has to engage in some type of trade.