Which of the Following Best Explains Why Export Growth Has

question 67

Multiple Choice

Which of the following best explains why export growth has outpaced the growth of domestic production during the last few decades?

• A) Both world exports and domestic production have grown significantly over the past 30 years.
• B) The cost to import products is generally higher than the cost to produce domestic products.
• C) Growth in gross domestic product in most countries has steadily increased since 1970.
• D) Advanced economies now source many of their consumable products from low-cost manufacturing nations.

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Definitions:

Consignment

The process of giving goods to another party to sell, but retaining ownership until the goods are sold.

Weekly Salary

Weekly salary refers to the amount of money an individual earns per week for their labor or services.

Commission

Remuneration for sales or service personnel, calculated as a fixed percentage of the sales they accomplish.

Bonus

An extra payment made to an employee beyond their normal salary, often reflecting their performance or company success.