Two Developed Nations Are Most Likely to Engage in

question 6

Multiple Choice

Two developed nations are most likely to engage in

• A) inter-industry trade based on economies of scale
• B) intra-industry trade based on economies of scale
• C) inter-industry trade based on comparative advantage
• D) intra-industry trade based on comparative advantage

---

Definitions:

Clarify

To make a statement or situation less confused and more understandable.

Payment Bond

A type of surety bond that guarantees the payment of subcontractors, laborers, and suppliers on construction projects.

Liens

Legal claims or rights against property or assets that secure the payment of a debt or fulfillment of some obligation.

Suppliers

Entities that provide goods or services to another entity, typically in a business-to-business relationship.