Tradability refers to the idea that
A)some products or services are almost impossible to export or import.
B)some goods have to be produced where they are consumed: eating a meal in a restaurant would be a good example.
C)a and b both illustrate the idea of tradability.
D)all other answers are wrong; tradability simply means the shipping cost as a percentage of the sales price.

Question

Quizplus · Accepted Answer

Choice C is the best answer as it correctly combines both options A and B to illustrate the concept of tradability. Some goods or services are difficult to export or import (A) and some have to be produced where they are consumed (B) which limits their ability to be traded or sold in other locations, thereby affecting their tradability. Option D is incorrect as it does not accurately define tradability, instead confusing it with shipping cost.

Tradability Refers to the Idea That