With respect to international trade, specialization means that
A. each country consumes what it produces.
B. labor is exported or imported in much the same way as other products.
C. most goods and services that are traded internationally are produced in only 1 or 2 nations.
D. labor and other resources in a nation are used to produce the products and services for which they are best suited.
D. labor and other resources in a nation are used to produce the products and services for which they are best suited.
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Which of the following looks at the demand side of the market to explain some of the observed international trade patterns?
a. The theory of consumer preferences b. The factor abundance theory c. The product life cycle theory d. The Ricardian model e. The human skills approach
Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real exchange rate and monetary base in the context of the Three-Sector-Model? Assume the nominal exchange rate is stated as: (Domestic currency per foreign currency). a. The
real exchange rate rises and monetary base rises. b. The real exchange rate falls and monetary base falls. c. The real exchange rate rises and monetary base falls. d. The real exchange rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The difference between the organization's current position and its target performance (desired state) is termed:
Ideal Gap SWOT PEST
For benchmarking, the architecture of other firms should be viewed as
A. substitutes. B. competitive. C. empowerment. D. complements.