Which of the Following Is True Describing the Change in the Nature

question 2

Multiple Choice

Which of the following is true describing the change in the nature of international trade in recent decades?

• A) Developing countries have increased the share of manufactures in exports.
• B) Many developed county firms have outsources their productions.
• C) Developing countries have been increasingly trading with each other,in addition to trading with the developed countries.
• D) All of the above.

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Definitions:

Bilateral Contract

A contract involving two parties where each promises to perform an act in exchange for the other's act.

Unilateral Contract

A contract in which one party makes a promise that the other party can accept only through an action, not a promise.

Accept

To receive something willingly or to agree to a proposition or offer.

Promisee

The person to whom a promise is made or directed in a contract, opposite to the promisor.