Assertion: International Trade is mutually beneficial.
Reasoning: No country is self-sufficient.
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
Assertion (A): International Trade is mutually beneficial.This statement is correct because countries exchange goods and services according to their needs and resources, which benefits all participating countries.
Reasoning (R): No country is self-sufficient. This statement is also correct because no country can produce all goods and services efficiently or in sufficient quantity.
The Reason correctly explains the Assertion because countries engage in international trade to obtain goods and services that they cannot produce adequately themselves.
NCERT: International Trade is mutually beneficial as no country is self-sufficient.