What Do Economists Call Factors That Reduce the Total Dollar

question 120

Multiple Choice

What do economists call factors that reduce the total dollar volume of goods and services sold across international borders?

• A) trade factor issues
• B) trade barriers
• C) trade conditions
• D) the ratio of total trade to GDP

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Definitions:

Heart

In a biological context, it is the muscle that pumps blood through the circulatory system; in a metaphorical sense, it can be considered the core or central part of something.

External Environment

Refers to the outside factors and influences that can affect the performance and operation of a business, including economic, political, technological, and social elements.

Opportunities

Chances or prospects for advancement, progress, or profit in various contexts.

Threats

Potential negative circumstances or events that could harm an organization, its operations, or assets.