What Are the Three Parts of the New England Triangular

question 20

Multiple Choice

What are the three parts of the New England triangular trade?

• A) Firearms, ammunition, and slaves
• B) Steel knives, molasses, and rum
• C) Ammunition, grain, and rum
• D) Molasses, rum, and slaves

Identify key organizations and agreements that govern international trade.

Recognize the economic importance of international trade to various countries.

Describe the basis for international trade and its effects on economies.

Analyze the impact of trade balances on national economies.

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Definitions:

Sales Presentations

Demonstrations or pitches delivered by salespeople showcasing a product or service's features and benefits with the goal of persuading the audience to make a purchase.

Levels of Friendship

Various stages or degrees of companionship and closeness between friends, typically influenced by factors such as trust, intimacy, and shared experiences.

Purchasing Agents

Purchasing agents are professionals responsible for buying goods, services, or works for their organization, emphasizing on obtaining the best quality at the lowest cost.

Buyer's Product Line

The range of products a buyer is responsible for purchasing or managing within an organization or retail environment.