Which of the Following Is a Principle of International Trade

question 11

Multiple Choice

Which of the following is a principle of international trade?

• A)United States workers rebel against productivity programs.
• B)Outsourcing must be used to succeed in international trade.
• C)The United Nations will settle all trade disputes.
• D)Exchange rates are determined primarily by traded goods.
• E)Gray markets make third world countries more efficient.

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Definitions:

Accounts Payable

Liabilities of a business that represent amounts due to suppliers or creditors for goods and services received but not yet paid for.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Accrued Liabilities

Financial obligations that a company has incurred during a period but has not yet paid for, appearing on the balance sheet.

Operating Leases

Leases where the lessor retains significant risks and rewards of ownership, typically for assets that are used for a short period of the asset's life.