Which of the following factors are least likely to affect what countries end up trading in the international market?
a. International trade tariffs
b. Government debt levels
c. Comparative advantages
d. Differences in tastes
e. Different technological needs
b
Economics
You might also like to view...
A __________ is a person who was employed in the civilian labor force and was either fired or laid off
A) new entrant B) reentrant C) job leaver D) job fixer E) none of the above
Economics
Which of the following statements about the perfect competitor is INCORRECT?
A) The perfectly competitive firm is always a price taker. B) The perfect competitor sells a homogeneous commodity. C) If an individual firm raises price, it will lose business. D) The products made by a perfectly competitive firm have no close substitutes.
Economics