Solved

How Is Foreign Trade in Inputs Similar to Trade in Outputs

Question 45

Multiple Choice

How is foreign trade in inputs similar to trade in outputs?


A) U.S.producers buy (outsource) cheap foreign inputs (labor) while U.S.consumers buy cheap foreign outputs (U.S.imports) .
B) U.S.consumers sell (outsource) cheap foreign inputs (labor) while U.S.producers sell cheap foreign outputs (U.S.imports) .
C) U.S.producers sell (outsource) cheap foreign inputs (labor) while U.S.consumers buy cheap foreign outputs (U.S.imports) .
D) All of the choices are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions