The trade model of the Swedish economists Heckscher and Ohlin maintains that
a. absolute advantage determines the distribution of the gains from trade.
b. comparative advantage determines the distribution of the gains from trade.
c. the division of labor is limited by the size of the world market.
d. a country exports goods for which its resource endowments are most suited.
d. a country exports goods for which its resource endowments are most suited.
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Which of the following accounts has a normal credit balance?
a. Accounts Receivable b. Common Stock c. Wages Expense d. Dividends
Why is the marginal revenue of a product important to the marketer?
What will be an ideal response?
Which of the following is true of a company that uses absorption costing?
A. Fixed production and fixed selling costs are considered to be product costs. B. Unit product costs can change as a result of changes in the number of units manufactured. C. Variable selling expenses are included in product costs. D. Net operating income fluctuates directly with changes in sales volume.
Facebook was the leader in U.S. ad spending revenues on social networks in 2018. What company earned the second most amount of ad spending revenue?
A. Snapchat B. Instagram C. Pinterest D. Twitter