Which of the Following Statements Is True of International Trade

question 15

Multiple Choice

Which of the following statements is true of international trade?

• A) It discourages workers from specializing in production.
• B) It creates supply bottlenecks.
• C) It leads to an inefficient allocation of resources.
• D) It allows people to choose occupations that suit their talents.

Understand the role and benefits of IT in various fields, including agriculture, law enforcement, and transport.

Identify specific technologies and their applications in real-world scenarios.

Recognize the impact of digital transformation on business models and revenue streams.

Comprehend the challenges and negative consequences associated with IT implementation.

---

Definitions:

Instant-Messaging Conversation

A form of real-time communication between two or more people based on typed text over the internet.

Commercial Impracticability

A legal principle that excuses a party from performing under a contract when unforeseen events make fulfillment unreasonably difficult or expensive.

Groundwater Contaminated

Water beneath the earth's surface that has been adversely affected by pollutants, making it unsafe for human consumption or use.

Supervening Event

An unforeseen event that occurs after the parties have entered into a contract and significantly changes the circumstances.