Which Statement Is NOT True

question 187

Multiple Choice

Which statement is NOT true?

• A) The law of comparative and absolute advantage benefits everyone all the time.
• B) If the price of U.S. grain is cheaper than that of Russian grain, U.S. producers will have an absolute advantage.
• C) If the price of U.S. grain is cheaper than that of Russian grain, then trade between the two countries will depend on the terms of trade.
• D) If U.S. grain is cheaper than Russian grain, and U.S. producers sell cheap grain to Russia, not everyone in Russia will benefit.

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Definitions:

Environmental Scans

The process of gathering, analyzing, and dispending information for strategic purposes from the external and internal environments of an organization.

Cause Marketing

A partnership between a for-profit business and a non-profit organization to mutually promote and benefit from social or environmental causes.

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The obligation of an organization to act in ways that benefit society at large, beyond its own interests.

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The obligation of organizations to act in ways that recognize and address the impacts of their decisions and activities on all stakeholders, including employees, customers, communities, and shareholders.