A country has an absolute advantage when it can produce more of a good than other nations, using the same amount of resources.
Answer the following statement true (T) or false (F)
True
A country has an absolute advantage when it can produce more of a good than other nations, using the same amount of resources. See 3-2: Key Reasons for International Trade
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Participative budgeting results in setting unattainable standards
Indicate whether the statement is true or false
The two key economic factors reflecting a country's attractiveness as a market are its industrial structure and its ________
A) communication adaptation B) nontariff trade barriers C) exchange controls D) income distribution E) transportation systems
Assume that the annual demand is 10,000 units and the order quantity per order is 1,000 units, then ______.
A. there are 10 orders during the year B. there is one order placed as soon as existing inventory is consumed C. there is one order placed at the end of each month D. this is an indicator that this is not a lean operation
By using another's trademark, a business could lead consumers to believe that its goods were made by the other business
a. True b. False Indicate whether the statement is true or false