Below Is Production Possibilities Data for the Countries of Mental

question 82

Multiple Choice

Below is production possibilities data for the countries of Mental and Etheric.

-Refer to the information above to answer this question.Suppose that each country was producing combination D before trade but then specializes in the product in which it has a comparative advantage.What would be the total gains from trade?

• A)40 million units of rice cakes.
• B)100 million units of rice cakes.
• C)60 million units of soya milk and 40 million units of rice cakes.
• D)40 million units of soya milk and 60 million units of rice cakes.
• E)20 million units of soya milk.

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Definitions:

Industry Factors

Elements and conditions within an industry that influence the operations and competitiveness of businesses, including economic trends, regulatory policies, and technological advancements.

Four Actions

Typically refers to an approach in strategic business analysis (such as the Blue Ocean Strategy) that encourages companies to simultaneously pursue differentiation and low cost.

Strategic Marketing Process

The approach of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives.

Evaluation Phase

A stage in the marketing or product development process where the performance or success of a product, campaign, or strategy is assessed.