International Trade Can Be Mutually Advantageous Because It

question 95

Multiple Choice

International trade can be mutually advantageous because it

• A) encourages the adoption of sound institutions and policies.
• B) reduces the competitiveness of domestic industries and, thereby, makes it easier for the domestic producers to raise their prices.
• C) permits the trading partners to take advantage of reductions in per-unit costs in industries where economies of scale are important.
• D) does all of the above.
• E) does both a and c.

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Definitions:

Sexual Imagery

Visual or mental images that are sexual in nature and can evoke sexual feelings and thoughts.

Consciousness

The awareness of one's own existence, sensations, thoughts, and surroundings.

Observable Behavior

Measurable actions or responses in individuals that can be visually witnessed and recorded by others.

Inferiority

A psychological condition or feeling where an individual perceives themselves as lacking in ability, quality, or status compared to others.