An Assumption an Economist Might Make While Studying International Trade

question 188

Multiple Choice

An assumption an economist might make while studying international trade is

• A)there are only two countries.
• B)countries only produce two goods.
• C)technology does not change.
• D)All of the above are possible assumptions.

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Definitions:

Financing Activities

Transactions and events where cash is obtained from or repaid to investors and creditors excluding suppliers, which affect a company's equity or borrowings.

Cash Payments

Outflows of cash to settle obligations or purchase goods and services, as documented in the cash flow statement.

Indirect Method

A approach used in cash flow statements to adjust net income for the effects of non-cash transactions and changes in working capital.

Operating Activities

Operating activities involve the primary revenue-generating activities of an organization, including production, sales, and delivery of the company’s product as well as administrative and general expenses.