Commerce Systems Quiz

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AngelicOtter
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5 Questions

What is the principal factor that gives rise to commercial exchanges?

Comparative advantage

Which type of trade involves import, export, and entrepôt/re-export trades?

Foreign trade

What are aids to trade or auxiliary commercial activities that facilitate trade?

Transportation

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

What are the activities, functions, procedures, and institutions that contribute to the smooth distribution and transfer of goods and services on a substantial scale called?

Commerce

Test your knowledge of large-scale organized systems of activities, functions, and institutions contributing to the distribution and transfer of goods and services within economies.

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