Which of the following is not a reason countries import goods?
- Differences in natural endowments
- the law of absolute advantage
- Differences in tastes
-
The love for other nations
The correct answer is: D
Explanation
Reasons for importing goods might include:
- Meeting customer demand.
- Sourcing products that don't exist in the country's borders.
- Cost of importing is lower than the cost of manufacturing.
- Quality of the product is better when imported.