Refer to the Following Figure for the Next Two Questions

question 52

Multiple Choice

Refer to the following figure for the next two questions.

-According to the figure,a new technology that makes it easier to peel,core,and prepare apples will cause:

• A) the entire production possibilities frontier (PP
• F) to shift outward.
• B) the entire PPF to shift inward.
• C) the PPF to rotate outward to a larger maximum quantity of apple pies with no change in maximum blueberry pies.
• D) the PPF to rotate outward to a larger maximum quantity of blueberry pies with no change in maximum apple pies.
• E) the PPF to stay exactly the same because there is no change in resources.

Understand the impact of exchange rates on international trade costs and trade deficits.

Recognize the influence of domestic economic policies on international trade and finance.

Understand the relationship between national saving, domestic investment, and net capital outflow in an open economy.

Comprehend how exchange rates are determined and their reciprocal nature.

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Definitions:

Objections

Concerns or reasons given by a potential customer that could hinder them from completing a purchase.

Conditions

Refers to the specific circumstances or requirements attached to something, such as a deal, agreement, or offer.

Hopeless Objections

Customer objections during a sales process that appear insurmountable and often signal a strong resistance to making a purchase.

Negotiation

The process by which the buyer and the seller reach a mutually satisfactory agreement.