Question

What is one major drawback of economic specialization for countries?

A. Countries cannot join international trade organizations like the World Bank.
B. Countries are forced to produce a wide variety of different products.
C. Countries must trade for essential goods outside of their specialization.
D. Countries are required to pay more taxes on their specialized goods.

Answer 1

Answer:

I got C right

Explanation:

A P E X

Answer 2

Countries must trade for essential goods outside of their specialization is one major drawback of economic specialization for countries. Hence, option C is correct.

Why countries trade with other countries?

Countries trade with another country because they do not have all the essential goods and service in their home country and the demand of that good is more, so they have to import the goods.

Importing the good give economic loss to the country as other country sells goods in high rates.

Thus, option C is correct.

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