How Is Foreign Trade in Inputs Similar to Trade in Outputs

question 81

Multiple Choice

How is foreign trade in inputs similar to trade in outputs?

• A)U.S.producers buy (outsource)cheap foreign inputs (labor)while U.S.consumers buy cheap foreign outputs (U.S.imports).
• B)U.S.consumers sell (outsource)cheap foreign inputs (labor)while U.S.producers sell cheap foreign outputs (U.S.imports).
• C)U.S.producers sell (outsource)cheap foreign inputs (labor)while U.S.consumers buy cheap foreign outputs (U.S.imports).
• D)All of the choices are correct.

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Definitions:

Multidirectional

A characteristic of development indicating that capacity can increase or decrease at various points across the lifespan, depending on a range of factors.

Historical Context

The background, culture, and circumstances that form the setting for events, statements, or ideas, and in terms of which they can be fully understood.

Multidimensional

Having or involving several dimensions or aspects.

Resource Allocations

The process of distributing resources among various projects or departments within an organization.