Asked by Nakaila Lovett on Jun 17, 2024
Verified
On a per capita basis Canada exports more than the United States or Japan due to the combination of a relatively small population and a large natural resource base. Which economic force is this an example of?
A) productivity improvement
B) economic cycles
C) innovation improvement
D) global trade
E) connectivity
Economic Force
Factors or agents that cause significant changes or impacts on the economy, influencing markets, employment, and production.
Global Trade
The exchange of goods and services across international borders, influenced by global economic policies and agreements.
Natural Resource Base
The stock of natural resources, like water, land, and minerals, that a country or region possesses, which can be used for economic gain.
- Comprehend how economic forces influence organizational strategies and operations.
Verified Answer
Learning Objectives
- Comprehend how economic forces influence organizational strategies and operations.
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