International Trade Can Contribute to the Economic Growth of Today's

question 51

Multiple Choice

International trade can contribute to the economic growth of today's developing nations in which of the following ways?

• A)Trade can lead to the full utilization of otherwise underemployed domestic resources.
• B)By expanding the size of the market,trade makes possible division of labor and economies of scale.
• C)International trade is the vehicle for the transmission of new ideas,new technology,and new managerial and other skills.
• D)All of these options are correct.

---

Definitions:

Joint Stock Company

a business entity in which shares of the company's stock can be bought and sold by shareholders.

Partnership Agreement

A binding contract between partners that outlines the rules, responsibilities, and financial arrangements of their partnership.

Transferable Share

A share in a company that can be transferred from the current owner to another party without restrictions.

Cooperative

A cooperative is a business or organization owned and operated by the members who use its services or products, with profits shared or reinvested for the benefit of members.