Which of the Following Is a Difference Between Merchandise Trade

question 18

Multiple Choice

Which of the following is a difference between merchandise trade and service trade?

• A) Merchandise trade takes place only between a firm and a consumer,whereas service trade takes place only between a producer and a consumer.
• B) Merchandise trade includes services and foreign direct investment,whereas service trade includes only trade in goods.
• C) Merchandise trade is the buying and selling of tangible products,whereas service trade is the buying and selling of intangible services.
• D) Merchandise trade is defined by the Four Modes of Supply of the General Agreement on Trade in Services (GATS),whereas service trade is defined by the Four Modes of Demand of the GATS.

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Definitions:

Pontiac's Rebellion

A war waged by a loose confederation of indigenous tribes in the Great Lakes region, Ohio Valley, and Illinois Country against British military occupation post-French and Indian War.

British Rule

The period of colonial domination by Great Britain over various territories across the world, characterized by economic exploitation and cultural imposition, lasting until the mid-20th century.

Benjamin Franklin

A Founding Father of the United States, renowned for his contributions as an inventor, writer, politician, and diplomat.

Stono Rebellion

A 1739 slave uprising in the colony of South Carolina, one of the largest and most violent slave insurrections in the British mainland colonies.