What is the primary purpose of trade in the global economy

Subject : History

Question:

What is the primary purpose of trade in the global economy?

A) To increase cultural homogeneity

B) To create barriers between countries

C) To exchange goods and services between nations

D) To reduce economic growth

Expert Verified Solution:

The primary purpose of trade in the global economy is C) To exchange goods and services between nations. Trade allows countries to acquire products and resources they do not produce domestically, promoting economic growth and international cooperation.