The Way to Overcome Ignorance About Export Opportunities Is _________

question 78

Multiple Choice

The way to overcome ignorance about export opportunities is _________.

• A) to start importing
• B) to DFAIT
• C) to collect information
• D) to use barter transactions
• E) to use countertrade

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Definitions:

Labor-Intensive

Describing a process or industry that requires a large amount of labor to produce goods or services compared to the amount of capital used.

Labor-Abundant

Referring to a country or region that has a large supply of labor relative to capital.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.

Labor-Intensive

Characterized by a high proportion of labor relative to capital in the production process.