Which of the Following Is NOT an Advantage of International

question 38

Multiple Choice

Which of the following is NOT an advantage of international trade?

• A) better product can be obtained
• B) lower prices for products
• C) local producers may be hurt
• D) products that cannot be produced at home can be obtained

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Definitions:

Disclosure

The act of making new or important information known, especially about financial operations or conditions.

AASB 114

Australian Accounting Standards Board ruling 114, which sets guidelines for segment reporting by financial entities.

AASB 8/IFRS 8

Operating Segments, a standard that requires entities to disclose information about their operating segments, products, services, and geographical areas.

Disclosure Requirements

Rules and regulations that mandate the release of all relevant financial information that could influence the decision-making process of investors, stakeholders, and the public.