International Trade Can Have Important Effects on the Distribution of Income

question 2

Multiple Choice

International trade can have important effects on the distribution of income because

• A) the more powerful country dictates the terms of trade.
• B) some resources are immobile in the short run.
• C) different countries use different currencies.
• D) of government corruption.
• E) rich countries take advantage of poor countries.

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Definitions:

Awards Contract

A formal agreement given after a tendering process, where a party commits to providing goods or services.

Buying Center

The group of people in an organization who participate in the buying process and share common goals, risks, and knowledge important to a purchase decision.

Purchase Decision

The final decision made by a consumer after evaluating available options and deciding to buy a product or service.

Buying Center

A group of individuals within an organization who are involved in the process of making a purchasing decision.