Comparative advantage in the 21st century is based more on services and their cross border facilitation by telecommunications and the Internet
Indicate whether the statement is true or false.
Answer: TRUE
You might also like to view...
Which one of the following statements concerning Treasury bonds is correct?
A) The par values of all Treasury bonds are adjusted periodically in response to changes in the rate of inflation. B) Treasury bonds have maturity dates ranging from two to ten years. C) Interest earned on Treasury bonds is tax-exempt at the federal level. D) All Treasury securities are backed by the "full faith and credit" of the U.S. government.
Overapplied manufacturing overhead would result if:
A. manufacturing overhead costs incurred were greater than manufacturing overhead costs charged to production. B. manufacturing overhead costs incurred were less than manufacturing overhead costs charged to production. C. the plant was operated at less than normal capacity. D. manufacturing overhead costs incurred were less than estimated manufacturing overhead costs.
In a sample of 300 shoppers, 160 indicated they prefer fluoride toothpaste, 120 favored nonfluoride, and 20 were indifferent. Compute the mean and standard deviation of the sampling distribution. At a .05 level of significance, test for a difference in the preference for the two kinds of toothpaste.
What will be an ideal response?
Based on the income statements shown below, which division has the cost structure with the highest operating leverage? Soft Drinks Bottled Water Fruit JuicesRevenue$50,000 $50,000 $50,000 Variable costs (10,000) (5,000) (30,000)Contribution margin 40,000 45,000 20,000 Fixed costs (30,000) (40,000) (10,000)Net income$10,000 $5,000 $10,000
A. Bottled Water. B. The three divisions have identical operating leverage. C. Soft Drinks. D. Fruit Juices.