The Mechanisms (According to the Theory of International Trade and Balance

question 39

Multiple Choice

The mechanisms (according to the theory of international trade and balance of payments) for producing self-correction in out-of-balance accounts is accomplished
Through:

• A) internal market adjustments.
• B) external market adjustments.
• C) internal and external market adjustments.
• D) governmental control.
• E) governmental tariff and nontariff barriers.

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Definitions:

Proper Consideration

The requirement in contract law that something of value must be exchanged between the parties to form a valid contract.

Incorporeal Property

Refers to intangible assets owned by an individual or corporation, such as intellectual property, securities, and rights to financial accounts.

Nonprofit Corporation

A type of organization that operates without the purpose of making a profit, typically focusing on charitable, educational, or social missions.

Promoter

An individual or company responsible for organizing, financing, or sponsoring an event, project, or business venture, often prior to its creation.