The Fundamental Force That Drives International Trade Is

question 122

Multiple Choice

The fundamental force that drives international trade is

• A)absolute advantage.
• B)tariffs.
• C)the balance of trade.
• D)export advantage.
• E)comparative advantage.

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Definitions:

Social Security Recipients

Social Security recipients are individuals who receive benefits from the Social Security program, which is a government-run program providing financial assistance to people with disabilities, retirees, and their survivors.

Labor Contracts

Agreements between employers and employees or their representatives outlining terms of employment, wages, hours, conditions, and other workplace matters.

Frictional Unemployment

A type of unemployment that occurs when workers are between jobs, either because they are searching for new positions or are transitioning from one job to another.

Full Employment

A condition where every available work resource is employed in the most financially efficient method.