It can be said that international trade is the result of unequal distribution of natural resources among countries or differences in their productivity levels.

True

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False

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Solution

The correct option is A True
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).

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International trade takes place because of unequal distribution of resources.

A country can produce a surplus of those products or services and export them to other countries. Similarly, it can import the goods or services which it is deficient in. This pattern of expertise based on territory provides a strong incentive for international trade. Hence, we could say that international business evolved as a result of ___.

Explain briefly how international trade leads to misuse of natural resources.

Q. Trade between two or more countries is said to be _____.

Q. International trade is influenced by ______ relationship among the countries.

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It can be said that international trade is the result of unequal distribution of natural resources among countries or differences in their productivity levels.

The correct option is A TrueInternational trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).

The correct option is A True
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).