Which of the Following Is Not an Assumption Generally Made

question 8

Multiple Choice

Which of the following is not an assumption generally made in the study of international economics?

• A)two nations
• B)two commodities
• C)perfect international mobility of factors
• D)two factors of production

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Definitions:

T-Accounts

T-Accounts are a tool used in accounting to visualize credit and debit transactions for individual accounts, resembling the letter “T”.

Account Payable

An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors or suppliers.

T-Accounts

A bookkeeping tool used to visualize and manage debits and credits for individual accounts.

Services Provided

Tasks or duties performed for clients or customers that often constitute the business's revenue basis.