Which of the following is not a reason countries import goods?
Answer Details
Countries do not import goods because of "the love for other nations." Countries import goods to satisfy their needs and wants that they cannot produce efficiently or effectively themselves. The other options are valid reasons for countries to import goods. The law of absolute advantage refers to a situation where a country can produce a good at a lower cost than another country, and differences in natural endowments and tastes refer to the differences in resources and preferences that exist between countries.