the reasons that nations trade includes the fact that: no one country produces all of what citizens within…

the reasons that nations trade includes the fact that: no one country produces all of what citizens within the country want. the wants of their citizens exceeds their productive capacity. different countries have different levels of greed. labor costs are too high in some countries to efficiently produce goods. question 31 2 pts if the state of georgia had an exceptionally large crop of peanuts, what would happen to the demand for jelly? there would be no change in the demand for jelly. the demand for jelly would increase. the demand for jelly would decrease.

the reasons that nations trade includes the fact that: no one country produces all of what citizens within the country want. the wants of their citizens exceeds their productive capacity. different countries have different levels of greed. labor costs are too high in some countries to efficiently produce goods. question 31 2 pts if the state of georgia had an exceptionally large crop of peanuts, what would happen to the demand for jelly? there would be no change in the demand for jelly. the demand for jelly would increase. the demand for jelly would decrease.

Answer

Brief Explanations:

For the first question, countries trade because they can't produce all goods their citizens want. It's not about greed, and while high - labor costs can be a factor, the fundamental reason is the inability to meet all domestic demands. For the second question, peanuts and jelly are complementary goods. An increase in the supply (large crop) of peanuts may lead to a decrease in peanut prices, making peanut - butter (a product of peanuts) more affordable, which in turn increases the demand for jelly as they are often consumed together.

Answer:

Question 1: no one country produces all of what citizens within the country want. Question 2: The demand for jelly would increase.