The Study of Factors That Influence Both International and Interregional

question 28

Multiple Choice

The study of factors that influence both international and interregional trade is referred to as

• A) accidents of history.
• B) economic geography.
• C) factor abundance theory.
• D) weather analysis.
• E) centralized optimization.

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Definitions:

Macroeconomist

An economist who studies the overall workings of an economy, including issues like inflation, unemployment, and economic growth at a large scale.

Minimum-Wage Laws

A law that establishes the minimum hourly pay rate that employers are legally allowed to offer their workers.

Council Of Economic Advisers

A group of economists who advise the President of the United States on economic policy.

Economic Report

A document or presentation that provides analysis and information on the economic performance of an economy, sector, or market.