The theory of comparative advantage is based on the assumption of________
a) perfectly regulated markets
b) perfectly monopolistic markets
c) perfectly competitive markets
d) perfectly competitive innovation
C
You might also like to view...
Although products that remain in the maturity stage of the PLC seem unchanged, the most successful ones actually evolve to meet changing consumer needs
Indicate whether the statement is true or false
In a ______approach to expatriate compensation, the organization pays the expatriate a set amount of money to use on items such as taxes, vehicles, housing, and similar items during their assignment.
A. lump-sum B. negotiation C. pure localization D. international-minus
Tailoring marketing to appeal to interracial or same sex couples is a way for organizations to adapt to which force for change?
a. Management changes b. Demographic characteristics c. Social and political pressures d. Technological advancements
All of the following are true statements regarding the Family and Medical Leave Act (FMLA, 29 U.S.C. ยงยง 2601, et seq.), EXCEPT which of the following?
a. An eligible employee is entitled to take 12 weeks of unpaid leave in any 12-month period. b. Every personal or family emergency qualifies for FMLA leave. c. Under most circumstances, the employer must reinstate employees when they return from leave. d. An eligible employee is entitled to take paid leave because of the birth of a son or daughter.