Which term refers to the type of buying and selling that takes place within a country?
(1 point)
Responses
free trade
free trade
international trade
international trade
productivity
productivity
domestic trade
domestic trade
Why do countries trade goods and services?
(1 point)
Responses
because they want to reduce interdependence
because they want to reduce interdependence
because they do not have all the goods and resources they need
because they do not have all the goods and resources they need
because they want to help other countries grow
because they want to help other countries grow
because they want to protect domestic industries from competition
The term that refers to the type of buying and selling that takes place within a country is domestic trade.
The term that refers to the type of buying and selling that takes place within a country is called domestic trade.
To arrive at this answer, you can eliminate the options that are not relevant to buying and selling within a country.
- Free trade and international trade both involve trading between countries, rather than within a single country.
- Productivity refers to the efficiency or output of a specific process or sector, but it is not directly related to buying and selling within a country.
By process of elimination, the correct answer is domestic trade.