International trade shocks:
A)have no impact on the countries under fixed exchange rate regimes.
B)are of equal concern to large industrialized countries and to developing countries that rely on exporting a few primary commodities.
C)include changes in a country's total exports that result from changes in foreign consumer tastes.
D)are magnified by the use of tariffs and non-tariff barriers.

Question

Quizplus · Accepted Answer

International trade shocks can indeed include changes in a country's total exports that result from changes in foreign consumer tastes, affecting the demand for its goods and services on the global market.

International Trade Shocks