The Danger of Trade Dependency Is That ________

question 27

Multiple Choice

The danger of trade dependency is that ________.

• A)it often leads to the exploitation of developed countries
• B)political turmoils in a country might affect all dependent countries
• C)the countries involved in trade often get into rivalry over trade tariff issues
• D)it is difficult to end trade activities with current trade partners and find new trade partners

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Definitions:

Demand Curve

A graphical representation that shows the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Sensitive

Pertaining to something that requires careful handling due to its potential to cause a reaction or damage under certain conditions.

Ten-Year Period

A duration of ten years used as a measurement of time for planning, analysis, or investment purposes.

Price Elasticity

A measure of how the quantity demanded of a good is affected by a change in its price.