Questions: International trade is actually acting out of their own self-interest.
Select one:
a. governments
b. individuals
c. businesses
d. labor unions
Transcript text: International trade is actually acting out of their own self-interest.
Select one:
a. governments
b. individuals
c. businesses
d. labor unions
Solution
Answer
The answer is c. businesses
Explanation
Option 1: governments
Governments do play a role in international trade by setting policies, tariffs, and trade agreements, but they are not the primary entities acting out of self-interest in the context of international trade.
Option 2: individuals
While individuals can be involved in international trade, such as through investments or purchasing foreign goods, they are not the main drivers of international trade.
Option 3: businesses
Businesses are the primary entities involved in international trade. They engage in importing and exporting goods and services to maximize their profits and expand their markets, acting out of their own self-interest.
Option 4: labor unions
Labor unions typically focus on protecting the interests of workers rather than engaging directly in international trade. They may influence trade policies, but they are not the main actors in international trade.