The Never-Ending Search for Lower Production Costs Is Known as

question 32

Multiple Choice

The never-ending search for lower production costs is known as

• A) mercantilism.
• B) capitalism.
• C) the race to the bottom.
• D) strategic trade theory.

---

Definitions:

Net Exports

A country's economic output's net impact from international trade, calculated as the difference between its total exports and total imports.

Net Exports

The value of a country's total exports minus its total imports, indicating whether a country is in a trade surplus or deficit.

Imports

Goods and services brought into a country from abroad for sale.

Exports

Goods and services produced in one country and sold to buyers in another, contributing to a country's GDP.