Patterns of Trade Among Nations Are Primarily Determined by

question 13

Multiple Choice

Patterns of trade among nations are primarily determined by

• A)cultural considerations.
• B)political considerations.
• C)comparative advantage.
• D)differences in the income elasticity of demand among nations.

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Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Kanban System

A lean manufacturing tool that uses visual cues to signal the need to move materials or parts within a production process.

Variability

The extent to which data points in a distribution or set differ from each other and from the mean or average.

Productive System

An arrangement of resources and processes that interact and transform inputs into valuable outputs, such as goods or services.