Refer to the Graph Shown

question 64

Multiple Choice

Refer to the graph shown. We would expect that if the two countries trade with each other (and neither trades with the rest of the world) :

• A)Norstrilia will export manufactured goods and Graustark will export agricultural goods.
• B)Norstrilia will export agricultural goods and Graustark will export manufactured goods.
• C)Norstrilia will export both goods to Graustark, which will have a permanent trade deficit.
• D)Graustark will export both goods to Norstrilia, which will have a permanent trade deficit.

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Definitions:

Department Manager

A position responsible for overseeing the operations, productivity, and personnel of a specific department within an organization.

Revenues

The cumulative financial gain acquired by transacting goods or services indispensable to an enterprise's principal undertakings.

Decentralization

The distribution of decision-making powers from a central authority to smaller units or individuals within an organization.

Profitability

The ability of a business to earn a profit, which is the balance of revenue after accounting for all expenses, taxes, and costs.