Obstacles to Countries That Export Include All of the Following

question 125

Multiple Choice

Obstacles to countries that export include all of the following EXCEPT

• A) inflation.
• B) exchange rates.
• C) frequent internal labor disputes.
• D) government intervention.
• E) all of the above

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Definitions:

Economic Model

A theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.

Simplified

Made easier to understand or do; reduced in complexity.

Reality

The state of things as they actually exist, as opposed to how they may appear or may be thought to be.

Invisible Hand

A metaphor introduced by Adam Smith to describe how individuals pursuing their own interests unintentionally benefit society as a whole.