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Question
how is international trade most likely to impact companies and individuals?
companies may choose to move their business to a different country.
consumers have to learn a new language to be able to purchase goods from other countries.
goods are no longer allowed to be traded from one country to another.
consumers have fewer choices in products.
question 20
3 pts
jake has a taco truck but has recently expressed a desire to take more time off. he hires emmy to cover the truck three days a week. emmy is an example of which economic resource?
capital
labor
entrepreneurial ability
land
- International trade can lead companies to relocate for better access to resources, markets, etc. The other options are incorrect as consumers don't usually need to learn a new language to buy foreign - goods, international trade allows goods to be traded across countries, and it usually expands product choices for consumers.
- Emmy is providing work or effort to operate the taco truck, which is characteristic of labor as an economic resource. Capital refers to physical assets like machinery, entrepreneurial ability is about starting and running a business innovatively, and land includes natural resources and real - estate.
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- A. Companies may choose to move their business to a different country.
- B. labor