In the context of the barriers to international trade, the infrastructural differences between two countries fall into the category of economic differences.
Answer the following statement true (T) or false (F)
True
The infrastructural differences between two countries fall into the category of economic differences. Infrastructure refers to a country's physical facilities that support economic activity. Infrastructure should be a key economic consideration when entering a foreign market. See 3-5: Barriers to International Trade
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Inherent risk
a. exists because all control structures are flawed in some ways. b. is the likelihood that material misstatements exist in the financial statements of the firm. c. is associated with the unique characteristics of the business or industry of the client. d. is the likelihood that the auditor will not find material misstatements.
The trust usually makes a distribution to the income beneficiaries in the amount of its fiduciary ____________________ income.
Fill in the blank(s) with the appropriate word(s).
The value of a mixed strategy game is
A) the maximum outcome of the game. B) the minimum outcome of the game. C) the outcome of the game played once. D) the average outcome of the game played an infinite number of times. E) None of the above
Which of the following is not a reasonable expectation?
A) Continued business cycles B) Stable prices C) Instability in financial markets D) Periodic recessions