Firms Export Mostly to Countries That Are Close to Their

question 46

Multiple Choice

Firms export mostly to countries that are close to their facilities because:

• A)of lower transportation costs.
• B)exported goods can sold for a higher price in these countries.
• C)of the compulsions of international trade laws.
• D)of WTO regulations.
• E)they get raw materials at a subsidized rate from these countries.

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Definitions:

Rights Theory

A set of philosophical principles focusing on the inherent rights of individuals, including moral, legal, and social claims.

Non Sequitur

A statement or conclusion that does not logically follow from the previous statement or conversation, often resulting in a logical fallacy.

Circular Reasoning

A logical fallacy where the conclusion of an argument is assumed in one of the premises, without real proof.

Bandwagon Fallacy

A logical fallacy that suggests something is true or good solely because it is popular or everyone else is doing it.