Which of the Following Best Explains Why a Nation Like

question 68

Short Answer

Which of the following best explains why a nation like Canada or Japan would export a particular product or service?
That nation has multinational companies
That nation has an absolute advantage
That nation has a positive balance of trade
That nation has a negative balance of trade
All of these

---

Definitions:

Goods and Services

Products and activities provided by businesses to satisfy the needs or wants of consumers.

Joint Venture Partners

Entities that come together to engage in a specific business venture, sharing both the profits and risks.

Customer Needs

Represents the desires or requirements of consumers that businesses aim to fulfill with their products or services.

Profit Potential

The capacity or possibility for an investment or business venture to generate earnings above its costs.