Which of the Following Statements Is True About Exports

question 8

Multiple Choice

Which of the following statements is true about exports?

• A) Exports are important in a microeconomic sense, in terms of balancing the trade account.
• B) Exporting ultimately leads to a firm achieving diseconomies of scale.
• C) Exporting results in a firm being overly dependent on a particular market.
• D) Exporting makes a firm sensitive to different demand structures and cultural dimensions.

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Definitions:

Deny

To refuse to acknowledge or accept the existence, truth, or validity of something.

Human Papilloma Virus (HPV)

A group of viruses that can cause warts on different parts of the body and are sometimes associated with certain cancers, notably cervical cancer.

Genital Warts

A sexually transmitted infection characterized by the growth of warts in the genital area, caused by certain types of human papillomavirus (HPV).

STI

Sexually Transmitted Infection, diseases that are primarily spread through sexual contact.