Which of the Following Is True of the International Trade

question 50

Multiple Choice

Which of the following is true of the international trade approach to development?

• A) A country can develop by concentrating scarce resources on expansion of its distinctive local industries
• B) Belonging to international organizations is the overriding principle for the country
• C) Good governance is considered the principal mode of operation
• D) Businesses pay no taxes so they can export to bring in foreign exchange
• E) Businesses are not allowed to locate in some areas, in order to allow those areas to allow those areas to provide labor for industries

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Definitions:

Common Stock

Equity securities that represent ownership in a corporation, providing voting rights and potentially dividends to shareholders.

Issuing Company

A company that offers its securities for sale to the public or investors, typically through the process of issuing stocks or bonds.

Revenue

The collective revenue from transactions involving a company's core products or services, encompassing its central business operations.

Serial Bonds

Bonds issued under a single indenture at the same time, but which mature at different intervals, distributing the repayment over several years.