Which of the Following Describes Resource Mobility as Assumed by the Classical

question 43

Multiple Choice

Which of the following describes resource mobility as assumed by the classical theories of international trade? 

• A) It is the assumption that a resource used in producing a product for one industry can be shifted and put to use in another industry. 
• B) It is the notion that countries should share their resources freely with other countries. 
• C) It is the expectation that all resource-based transactions will have no foreign exchange complications. 
• D) It is the assertion that all resources of a nation should be directly controlled by the government.

---

Definitions:

Moral Principles

Moral principles are fundamental beliefs or values that guide behavior by distinguishing right from wrong and setting standards for ethical conduct.

Behavioral Ideals

Principles or standards of behavior considered desirable or exemplary within a society or group.

Ethics

Refers to a set of behavioral ideals or moral principles that guide us in determining right and wrong. We can think of these ideals and principles as a set of core values and beliefs.

Ethical Duty

A moral obligation to act in accordance with ethical principles or standards.