Whether or Not a Country Can Export a Product Efficiently

question 45

Multiple Choice

Whether or not a country can export a product efficiently is determined by which of the following factors?

• A)its use of export subsidies
• B)the prevalence of its quotas on imports
• C)the size of its tariffs on imports
• D)the size of its markets
• E)the number of trade agreements it has signed

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Definitions:

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Creative Processes

A series of steps or methodologies used by individuals or teams to generate innovative ideas or solve problems creatively.

Trade Secret

Information or processes that give a business an advantage over competitors who do not know the information or processes.

Business Processes

Sequential steps or tasks undertaken by a company or organization to achieve specific business objectives or deliver services/products.