The Primary Determinant of Patterns of Interregional Trade Is

question 26

Multiple Choice

The primary determinant of patterns of interregional trade is

• A) accidents of history.
• B) resource allocations.
• C) factor abundance.
• D) weather.
• E) centralized optimization.

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Definitions:

Maker

In terms of financial instruments like checks or promissory notes, the maker is the party that promises to pay a certain amount of money.

Bearer

A person who is in possession of a negotiable instrument that is payable to the “bearer” or “cash” or that has been indorsed in blank.

Indorses

To sign the back of a financial document, transferring interest or rights to another party.

Holder in Due Course

A party that has acquired a negotiable instrument in good faith and without notice of any defect in title.