The Gravity Model Explains Why

question 8

Multiple Choice

The gravity model explains why

• A) trade between Sweden and Germany exceeds that between Sweden and Spain.
• B) countries with oil reserves tend to export oil.
• C) capital rich countries export capital intensive products.
• D) intra-industry trade is relatively more important than other forms of trade between neighboring countries.
• E) European countries rely most often on natural resources.

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Definitions:

Senior Leaders

Senior leaders refer to the highest-ranking executives in an organization, responsible for strategic decision-making and guiding the company's direction.

Diversity Competency

Refers to the ability to interact effectively with people of different backgrounds and cultures.

Moral Imperative

A principle or obligation that compels individuals to act according to ethical standards.

Business Priority

The ranking or importance of tasks, goals, or objectives within a business to guide decision-making and resource allocation.