Which of the Following Factors Is the Most Significant in Determining

question 92

Multiple Choice

Which of the following factors is the most significant in determining the pattern of international trade?

• A)absolute advantage
• B)diplomatic expertise
• C)comparative advantage
• D)overpowering military strength
• E)a country's size relative to another country's

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Definitions:

Commission Rate

The percentage or fixed fee that is charged as commission for performing a service or transaction.

Base Salary

The initial rate of compensation that an employee receives, not including overtime, bonuses, or other extra pay.

Percentage Calculation

The mathematical process of determining the proportionate amount of a whole as a percentage.

Percentage Calculation

Percentage calculation involves determining the part of a whole in terms of 100, used for comparing proportions and expressing fractions.