• 2022-05-31
    Nations engage in trade primarily because no nation can produce all of the goods and services that it needs.
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      Gross domestic product can be calculated A: either by valuing the nation's output of goods and services or by valuing the income generated in the production process. B: by adding up the personal consumption of all members of the society. C: by adding up the value of all intermediate goods used in the economy. D: by adding up the income tax returns of all members of the society.

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      Which of the following are the right options on the scope of adjustment between the World Trade Organization (WTO) and the former General Agreement on Tariffs and Trade (GATT) ( ) A: The WTO adjusts trade in goods, services and trade-related intellectual property rights B: Trade in goods adjusted by the WTO also includes trade in textiles and agricultural products C: The former GATT adjusts all trade in goods D: The former GATT only adjusts trade in goods, but does not include trade in textiles

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      智慧职教: International trade is only the exchange of goods between nations or regions.

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      Trade with any nation can be mutually beneficial.

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      business-to-business (B2B) market All the and that want goods and services to use in producing other goods and services or to sell, rent, or supply goods to others.