Australia Can Benefit from Trade If It

question 109

Multiple Choice

Australia can benefit from trade if it

• A)trades with all other countries
• B)does not trade with countries that make the same goods as Australia
• C)does not trade with any country with lower wages than Australia
• D)trades only with countries that have higher wages than Australia

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Definitions:

Sales Journal

A specialized journal used to record all credit sales transactions of a business.

Cost Center

A department or unit within a business that does not directly generate profit but incurs costs, e.g., customer service or research departments.

Profit Center

A branch or division of a company that is directly responsible for generating its portion of the company's overall profit.

Profit Center

A branch or division of a company that is treated as a separate unit for the purpose of calculating its profitability.