Which of the Following Is Not a Global Trade Intermediary

question 55

Multiple Choice

Which of the following is not a global trade intermediary?

• A) Import merchants: easiest method, basically like buying from a "domestic source"
• B) Commission houses: act for exporters abroad, paid by the exporter, they do selling, shipping and customs details
• C) Import brokers: commission paid by sellers and buyers, charges fee for bringing parties together
• D) Trade seekers: utilize the Internet to broker the deal between both parties
• E) Trading companies: may work for both or one party, handles selling, shipping, customs details

---

Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers, resulting in a stable labor market condition.

Immigration

The action of coming to live permanently in a foreign country.

Opportunity Cost

The expense incurred by not choosing the second-best option while making a decision.

Labor Decreases

A situation where the workforce or the amount of work done decreases due to factors like automation, layoffs, or economic downturns.