The transferability of a good is most likely to change over time with changes in
A) technology.
B) cultural preferences.
C) demand.
D) supply.
E) nation states.

Question

Quizplus · Accepted Answer

The transferability of a good depends on its physical properties, distribution channels, documentation requirements, and technological advancements. Technological progress can create new forms of transportation, communication, and payment systems that can increase the transferability of goods. For example, the development of containerization, airfreight, and e-commerce has facilitated the movement of goods across borders and distances. On the other hand, changes in culture, demand, supply, and nation-states are more likely to affect the demand and supply of the good, the pricing, and the regulations, but not necessarily its transferability.

The Transferability of a Good Is Most Likely to Change