Commerce Quiz
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Questions and Answers

What are the principal factors that give rise to commercial exchanges?

  • The diversity in the distribution of natural resources
  • The differences of human needs and wants
  • The division of labor along with comparative advantage
  • All of the above (correct)

    • Which of the following best describes commerce?

  • The transfer of goods and services within local economies
  • The exchange of goods and services between buyers and sellers (correct)
  • The distribution of natural resources
  • The division of labor and comparative advantage

    • What does trade involve?

  • The transfer of goods and services within local economies
  • The division of labor and comparative advantage
  • The distribution of natural resources
  • The exchange of goods and services between buyers and sellers (correct)

    • What is domestic trade?

    <p>The exchange of goods and services within a country</p> Signup and view all the answers

    What are aids to trade?

    <p>The activities that support and facilitate trade</p> Signup and view all the answers

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