Business Studies

Which of the following is/are the characteristic(s) of international trade?


ANSWER

All of the above


SOLUTION
International trade is lower costs to consumers. The lower cost is the result of two factors. First, companies can produce items overseas, saving money on labor and material costs.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 218
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Trade between two countries can be useful if cost ratios of goods are ______.
  • A. Equal
  • B. Different
  • C. Undetermined
  • D. Decreasing

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Providing permission to use technical know how by parent organisation to another individual is known as ________.
  • A. dealership
  • B. marketing
  • C. agency
  • D. franchising

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
The principles of comparative advantage about international trade are laid down by _______.
  • A. David Ricardo
  • B. Adam Smith
  • C. Amartya Sen
  • D. Karl Marx

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 TRUE/FALSE Medium
Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.
  • A. True
  • B. False

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The franchiser can expand his distribution system in the least possible time.
  • A. True
  • B. False
  • C. Partly true
  • D. None of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer