An Example of an Intermediate Good Would Be

question 3

Multiple Choice

An example of an intermediate good would be

• A)a new car.
• B)a used car.
• C)the rims on a new car.
• D)new rims to replace old rims on a used car.
• E)the wages earned by a mechanic repairing your bent rims.

Grasp the concept and impact of absolute and comparative advantage in international trade.

Identify the key international organizations and agreements that facilitate global commerce.

Understand the role of political and sociocultural factors in shaping international business operations.

Recognize various strategies and methods for entering and participating in the international market.