Answer the following statements true (T) or false (F)
1.The trade theories of Adam Smith and David Ricardo viewed the determination of competitiveness from the demand side of the market.
2.According to the principle of absolute advantage, international trade is beneficial to the world if one nation has an absolute cost advantage in the production of one good while the other nation has an absolute cost advantage in the other good.
3.The principle of absolute advantage asserts that mutually beneficial trade can occur even if one nation is absolutely more efficient in the production of all goods.
4.The basis for trade is explained by the principle of absolute advantage according to David Ricardo and the principle of comparative advantage according to Adam Smith.
5.The principle of comparative advantage contends that a nation should specialize in and export the good in which its absolute advantage is smallest or its absolute disadvantage is greatest.
1.False
2.True
3.False
4.False
5.False
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Which of the following is a source of intergroup conflict in the workplace?
A. excessive communication B. inconsistent goals or reward systems C. too many resources D. lack of diversity E. strict job boundaries
The difference between accrual-based revenue and accrual-based expenses is called _________________________
Fill in the blank(s) with correct word
In the absence of a contrary provision in the lease or an emergency that threatens the property, the landlord may not enter the leased property during the term of the lease.
Answer the following statement true (T) or false (F)
The party who grants a license is known as the ________
A) licensee B) licensor C) grantee D) grantor