Which of the Following Is a Reason Why Trade and Geography

question 61

Multiple Choice

Which of the following is a reason why trade and geography are linked?

• A)There are high costs of locating in large urban areas.
• B)Many industries have no economies of scale.
• C)Competition means that all firms want to locate near each other.
• D)Some locations give access to pools of skilled labor or special resources.

---

Definitions:

Random Sample

A sample drawn from a population in such a way that every individual has an equal chance of being selected.

Blood Type

The classification of human blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.

Association

In statistics, it refers to any relationship or correlation between two or more variables.

Null Hypothesis

A default statement in statistics that there is no significant effect or no difference, usually set as the assertion to be tested.