The major reason why nations engage in international trade is that?
Answer Details
The major reason why nations engage in international trade is that they are substantially different in their endowments of economic resources. Some countries may have an abundance of natural resources, while others may have more advanced technology or skilled labor. By engaging in international trade, countries can specialize in producing goods and services that they have a comparative advantage in, and then exchange them with other countries for the goods and services that they do not produce as efficiently. This allows countries to expand their markets, increase productivity, and improve living standards.