Global Trade with China Is

question 23

Multiple Choice

Global trade with China is

• A) too risky and not worth the effort.
• B) illegal based on World Trade Organization (WTO) rulings.
• C) an emerging business opportunity for several companies.
• D) dependent upon the success of multinational corporations.

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Definitions:

Surplus

An excess of something, often used in economic contexts to describe a situation in which supply exceeds demand.

Shortage

A situation where the demand for a product exceeds its supply at the current price, leading to a scarcity of the product in the market.

Supply Shift

A change in the quantity of a product or service that producers are willing and able to sell at all possible prices in the market.

Increase

A rise in quantity, value, or some other measure, indicating growth or gain in specifics.