Specialization and Global Trade

Front

Which two actions will a country most likely take when it has plenty of iron ore, but it needs aluminum?

Back

It will specialize in steel production and trade for aluminum.

Front

Which reality leads countries to specialize in producing a limited number of goods or services?

Back

No country has unlimited resources, so countries must be efficient with those resources that are plentiful.

Front

Which pair of countries is likely to become trading partners? China and Russia, China and Japan, Indonesia and Japan, China and Malaysia

Back

China and Malaysia