A country gains from international trade when its post-trade consumption point
a. lies outside its production possibilities frontier.
b. lies along its production possibilities frontier.
c. lies inside its production possibilities frontier.
d. is the same as the pre-trade consumption point.
a. lies outside its production possibilities frontier.
You might also like to view...
Is it possible to add up the preferences of all consumers in an entire nation?
What will be an ideal response?
Which of the following best describes the concept of ethics?
A) Protecting information entrusted to your care B) Security measures in software and hardware C) Undistorted data D) Accepted principles of conduct that govern behavior E) A code of conduct
Answer the following statements true (T) or false (F)
1. Strategies to be used to address the needs of the customers at the base of the pyramid depend on the income level of the customers. 2. The first generation of business strategies targeted to the poorest customers focused on “fortune finding,” while the second generation of business strategies focuses on “fortune creating” by forming partnerships with local businesses within the poorest countries. 3. The three critical attributes of a successful social entrepreneur are wealth, intelligence, and the ability to speak multiple languages. 4. A Social bricoleur is one who uses his or her existing resource base in order to address the social mission of the organization. 5. An example of a social engineer entrepreneur is Jacqualine Novogratz who established the Acumen Fund in 2001 which the mission to use entrepreneurial approaches to solve global poverty problems.
Which of the following is not an example of external communication?
A) Communicating to corporate stakeholders. B) Communicating to customers. C) Communicating up to immediate supervisor. D) Communicating to civic groups.