Which of the Following Reasons Best Explains U

question 148

Multiple Choice

Which of the following reasons best explains U.S. imports of crude oil from Saudi Arabia and diamonds from South Africa?

• A) differences in resource endowments
• B) economies of scale
• C) differences in tastes
• D) import tariffs
• E) import quotas

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Definitions:

Navigation Bar

A user interface element within software applications or websites that provides quick access to various areas or functionalities.

Sales Transactions

Financial activities related to the sale of goods or services to customers.

New Transaction

A term referring to each instance when a financial operation or exchange is initiated or recorded.

Navigation Bar

A component of a graphical user interface used for moving through the various parts and features of a software application or website by providing quick access links.