The Analysis of Economic Forces That Justify the Existence of Trade

question 16

Multiple Choice

The analysis of economic forces that justify the existence of trade and its degree between two nations is referred to as:

• A)basis for trade
• B)losses from trade
• C)gains from trade
• D)pattern of trade

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Definitions:

Power Elite

A small group of powerful individuals, often from business, government, and the military, who hold significant power and influence over a society.

Autonomous State

A self-governing and independent political entity.

Pluralism

Pattern whereby groups maintain their distinctive culture and history.

Socially Conservative

A viewpoint that favors traditional values and norms, often with an emphasis on maintaining existing social orders and resisting major changes to cultural and moral standards.