ECOLOGY
ENVIRONMENTAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Most governments do not want to trade with each other because of religious differences
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Most countries do not cooperate with each other to trade successfully.
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Global Economic Interdependence is not part of our world today
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No nation produces everything that it needs, so countries work together to obtain resources necessary to function, leading to an increase in technology and communication around the world.
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Detailed explanation-1: -Global interdependence – a current reality Nations and their citizens would not voluntarily trade with other countries unless there were benefits from this exchange. A consequence of this decision to import and export is that today we can produce more goods efficiently. We can also use resources more efficiently.
Detailed explanation-2: -Economic interdependence leads to more trading opportunities. Increased trade among countries promotes the exchange of goods and creates more earning opportunities at the national and international levels. Selling specialized goods within the same region may undergo tough competition.
Detailed explanation-3: -Economic interdependence refers to some measure of the value of economic transactions between two countries, or between a country and the rest of the world, perhaps scaled to total national output or to some measure of total financial assets.