Which of the following looks at the demand side of the market to explain some of the patterns observed in international trade?

Question

Quizplus · Accepted Answer

Preferences refer to the tastes and desires of consumers in different countries, which can explain why certain goods and services are traded more than others. For example, if consumers in one country have a strong preference for a particular type of food or beverage that is produced in another country, there will be demand for that product to be imported into the first country. Thus, analyzing preferences is a demand-side approach to understanding international trade patterns.

Which of the Following Looks at the Demand Side of the Market