Invisible Trade Refers to

question 47

Multiple Choice

Invisible trade refers to

• A)services that avoid tax payments.
• B)the underground economy.
• C)legal,consulting,and engineering services.
• D)tourist expenditures only.

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Definitions:

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often used unconsciously to make judgments and solve problems quickly.

Additive Strategies

Decision-making methods where alternatives are analyzed and evaluated by systematically adding their attributes to make a choice.

Exemplars

Instances or examples that are typical of a class or group and are used for comparison or emulation.

Problem Solving Strategy

A method or plan of action used to find a solution to a problem or challenge.