Which Occurrence Has Led to an Increased Amount of Trade

question 91

Multiple Choice

Which occurrence has led to an increased amount of trade between countries?

• A) reduced transportation costs
• B) bowed-out production possibilities curve
• C) increases in the cost of telegraphic communication
• D) high levels of unemployment in the United States

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Definitions:

Human Mediated Order

A process where human intervention is involved in the placing or processing of orders, as opposed to automated systems.

Touchscreens

Input devices that allow users to interact with electronic devices by touching the screen directly.

Compensation Cost

The total amount an employer spends on an employee's salary, benefits, and other forms of remuneration.

Average Cost

The total cost of production divided by the number of units produced.