Which of the Following Assumptions Are Present in the Classical

question 33

Multiple Choice

Which of the following assumptions are present in the classical theories of international trade? 

• A) Different produces have different product life cycles 
• B) Transportation costs should underpin foreign trade 
• C) Resource mobility is not easy to achieve 
• D) No complications in foreign exchange transactions

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Definitions:

Sediment

Particles of organic or inorganic matter that accumulate in a solid layer on the floor of water or on any surface.

Strike-Slip Fault

A type of fault where rock masses slide horizontally past each other.

Underwater Landslide

A movement of rock, earth, or debris down a slope in an underwater environment, often triggered by earthquakes or other disturbances.

Tsunami

Ocean waves of exceptionally long lengths triggered by significant disturbances such as seismic activity, volcanic explosions, or submarine landslides.