Each of the Following Is a Reason Why International Trade

question 58

Multiple Choice

Each of the following is a reason why international trade has expanded in recent decades except which one?

• A) Technological improvements have meant that countries have become more similar in terms of the goods they can produce.
• B) Many new high technology goods have been introduced for which the cost of transport relative to the value of the product is low.
• C) There have been improvements in technology that have improved telecommunications between countries.
• D) Policy makers have promoted policies to increase international trade, such as the General Agreement on Tariffs and Trade, and subsequently established the World Trade Organization.
• E) Larger cargo ships and aeroplanes have reduced the cost of transporting goods.

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Definitions:

Task-oriented

Focused primarily on completing tasks and achieving goals, often with efficiency and effectiveness.

Relations-oriented

Focused on developing and maintaining positive relationships within a group or organization.

Task-oriented

A leadership style or approach focused primarily on the completion of tasks and achieving specific goals rather than on personal relationships or employee satisfaction.

Relations-oriented

Refers to approaches or leadership styles that prioritize establishing good relationships among team members or between managers and employees.