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Questions and Answers
What is the principal factor that gives rise to commercial exchanges?
What is the principal factor that gives rise to commercial exchanges?
- Comparative advantage
- Division of labor
- Diversity in the distribution of natural resources (correct)
- Differences of human needs and wants
What does commerce consist of, along the entire supply chain?
What does commerce consist of, along the entire supply chain?
- Transportation and logistics
- Manufacturing and production
- Marketing and advertising
- Trade and aids to trade (correct)
What is the exchange of goods and services between buyers and sellers in return for a price at traditional or online marketplaces categorized as?
What is the exchange of goods and services between buyers and sellers in return for a price at traditional or online marketplaces categorized as?
- Domestic trade (correct)
- Retail trade
- E-commerce
- Foreign trade
Which of the following is considered an aid to trade or auxiliary commercial activity?
Which of the following is considered an aid to trade or auxiliary commercial activity?
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What are the channels through which goods and services are transferred from the original producers to the final consumers within economies categorized as?
What are the channels through which goods and services are transferred from the original producers to the final consumers within economies categorized as?
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