Which of the Following Is Not a Basis for Trade

question 41

Multiple Choice

Which of the following is not a basis for trade between two nations?

• A)different skill levels of the labor forces
• B)one nation's absolute advantage
• C)a difference in tastes between countries
• D)economies of scale
• E)different capital stocks

---

Definitions:

Previous Month's Demand

Previous Month's Demand refers to the quantity of products or services requested by customers during the preceding month.

Forecasts Types

Various methodologies and approaches used to predict future events, including quantitative and qualitative techniques.

Smoothing Constant

A factor used in exponential smoothing techniques to weigh the importance of past data.

Computer Models

Digital simulations created using software to represent real-world scenarios or systems for analysis, prediction, and decision-making purposes.