International Trade Is Based on the Notion That

question 158

Multiple Choice

International trade is based on the notion that

• A) different currencies are an obstacle to international trade.
• B) goods are more mobile internationally than are resources.
• C) resources are more mobile internationally than are goods.
• D) a country's exports should always exceed its imports.

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Definitions:

Repetitive Actions

actions or behaviors that are performed repeatedly, often as a part of a routine or compulsive behavior in various psychological conditions.

Central Traits

Essential characteristics that form the basis of an individual’s personality and are usually evident in their behavior.

Observable

Capable of being seen or noticed through direct observation or measurement.

Behavior

The actions or reactions of an organism or a system in response to external or internal stimuli.