The Gravity Model Offers a Logical Explanation for the Fact

question 6

Multiple Choice

The gravity model offers a logical explanation for the fact that

• A) trade between Asia and the U.S. has grown faster than NAFTA trade.
• B) trade in services has grown faster than trade in goods.
• C) trade in manufactures has grown faster than in agricultural products.
• D) Intra-European Union trade exceeds international trade by the European Union.
• E) the U.S. trades more with Western Europe than it does with Canada.

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Definitions:

Trademark

Legal protection of a recognizable brand name, design, or logo that calls a specific product to a consumer’s mind.

Brand Logo

A visual symbol or emblem used to identify and promote a brand, making it recognizable to consumers.

Designer Bags

High-end, often luxury bags created by prominent fashion designers or brands.

Market-Creating Innovation

Innovations that result in the creation of a new market by fulfilling an unserved or underserved need or desire.