Restaurant meals are an example of a good and clothing is an example of a good.The pattern of interregional trade is determined primarily by .
A)traded; nontraded; internal economies
B)consumer; style; population
C)nondurable; durable; natural resource
D)nontraded; traded; external economies
E)durable; nondurable; natural resources

Question

Quizplus · Accepted Answer

Nontraded goods are goods that cannot be easily transported from one region to another, while traded goods are goods that can be easily transported. External economies are benefits that accrue to firms in an industry from the presence of other firms in the same industry. The pattern of interregional trade is determined primarily by the relative costs of producing nontraded and traded goods in different regions.

Restaurant Meals Are an Example of a Good and Clothing