Which term refers to the type of buying and selling that takes place within a country?
(1 point)
Responses
free trade
free trade
international trade
international trade
productivity
productivity
domestic trade
domestic trade
Why do countries trade goods and services?
(1 point)
Responses
because they want to reduce interdependence
because they want to reduce interdependence
because they do not have all the goods and resources they need
because they do not have all the goods and resources they need
because they want to help other countries grow
because they want to help other countries grow
because they want to protect domestic industries from competition
because they do not have all the goods and resources they need
Which of the following is a way to increase economic development?
(1 point)
Responses
raising taxes
raising taxes
investing in education
investing in education
limiting trade
limiting trade
lowering wages
investing in education
Which of the following are examples of trade barriers? Select the three correct answers.
(1 point)
Responses
advantages
tariffs
embargoes
quotas
comparatives
The three correct answers are:
- Tariffs
- Embargoes
- Quotas
Which of the following geographic features would most likely have a negative impact on the trade of a country?
(1 point)
Responses
rivers
rivers
irregular coastline
irregular coastline
plains
plains
mountains
Mountains
The term that refers to the type of buying and selling that takes place within a country is domestic trade. To arrive at this answer, we can break down the options provided and their meanings:
1. Free trade: This term refers to the international exchange of goods and services without the imposition of tariffs or barriers. It specifically emphasizes trade between countries, rather than within a single country.
2. International trade: As mentioned above, international trade involves the exchange of goods and services between countries, rather than within a single country.
3. Productivity: This term refers to the efficiency and output of production, and is not directly related to the buying and selling that takes place within a country.
4. Domestic trade: This term specifically refers to the buying and selling of goods and services within a single country, involving transactions between businesses and consumers within the same national territory.
Given the definitions provided, the term "domestic trade" best aligns with the type of buying and selling that takes place within a country.