"Value Added" in the Context of International Trade Refers

question 44

Multiple Choice

"Value added" in the context of international trade refers
To:

• A)the difference between the value of exports and the value of imported inputs used in producing exports.
• B)the additional value a worker provides to a firm when she is hired.
• C)the value added by being able to purchase goods in a competitive market.
• D)the value added by import brokers when they mark up the price of the products.

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Definitions:

Maslow

An American psychologist who created the hierarchy of needs, a theory in psychology concerning human motivation based on prioritized needs.

Spontaneous

Occurring without apparent external cause; impromptu or unplanned.

Reproductive Payoffs

Benefits or advantages obtained through reproducing, often in the context of evolutionary biology, referring to the success of passing genes to the next generation.

Evolutionary

Pertains to the gradual process of biological change and development over successive generations.