Part 1 (a): Why do countries trade with each other? Provide examples of trade (import and exports) between 2 countries (b) What would happen if countries curtailed or did not trade with each other?

Part 2: (a) Select a relevant International Trade theory discussed in chapter 2 (excluding Mercantilism Theory which is outdated) to explain why it is beneficial for a country to engage in international trade. (b) Provide a specific example of a country and product and explain why the country chose to export that product/service to other countries