With trade, a country will maximize its satisfaction when it
a. moves to the highest possible indifference curve.
b. forces the marginal rate of substitution to its lowest possible value.
c. consumes more of both goods than it does in autarky.
d. finds its marginal rate of substitution exceeding its marginal rate of transformation.
a. moves to the highest possible indifference curve.
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When a company acquires consumer-panel data from firms like A.C. Nielsen Company and Information Resources Inc., which of the following steps to improve the quality of a company marketing intelligence system is the company resorting to?
A) training and motivating the sales force to spot and report new developments B) motivating distributors, retailers, and other intermediaries to pass along important intelligence C) hiring external experts to collect intelligence D) using external network E) purchasing information from outside research firms and vendors
Which of the following is NOT a part of the win-win strategy?
A. discourage differences of opinion B. assume a person can be trusted C. listen to everyone involved D. remain optimistic about finding an answer
The rules of contract law determine whether an agreement between two parties is binding and, thus, an enforceable contract. This is an example of ________ law
A) equity B) procedural C) criminal D) substantive
Customer interaction is often high for manufacturing processes, but low for services
Indicate whether the statement is true or false