Which of the following should be a key consideration when making the decision to trade internationally?
A) availability of the factors of production in the other country
B) management training opportunities in the other country
C) availability of investors in the other country
D) the stock market

Question

Quizplus · Accepted Answer

The availability of the factors of production in the other country is a key consideration when making the decision to trade internationally. This includes factors such as the availability of raw materials, labor, and infrastructure necessary for producing and delivering goods or services. Without these factors, it may not be practical or cost-effective to engage in international trade. Management training opportunities, availability of investors, and the stock market are also important considerations but are secondary to the availability of factors of production.

Which of the Following Should Be a Key Consideration When