The Most Fundamental Reason for the Growth in World Trade

question 135

Multiple Choice

The most fundamental reason for the growth in world trade is probably due to:

• A)the creation of free trade areas
• B)the need for businesses to expand their markets
• C)fluctuating exchange rates
• D)cultural differences
• E)political unrest

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Definitions:

Predictive Ability

describes the capability to accurately forecast future events or outcomes based on current or past data.

Behavior Type

A category based on distinctive patterns of behavior, actions, and personality traits.

Situation-Specific

Pertains to the unique aspects or conditions that apply to a particular circumstance or environment.

Reciprocal Determinism

Bandura’s model that includes environment, behavior, and person as mutually interacting factors.