A Country Can Gain by Importing a Good That It

question 143

Multiple Choice

A country can gain by importing a good that it can make itself if

• A)this enables the country to make another good in which it is extremely efficient.
• B)it has an absolute disadvantage in the good.
• C)this permits the country to establish comparative advantage in the good.
• D)All of the above are correct.

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Definitions:

Marketing Budgets

Financial plans allocated for marketing activities, including advertising, promotions, research, and other efforts aimed at market penetration and growth.

Social Media Mix Selection

The strategic choice of social media platforms and tools best suited to reach an organization's marketing goals and target audience.

Corporate Blog

A blog published and used by an organization to reach its goals, share insights, and connect with its audience.

Objective And Task Method

A budgeting approach where a company sets a budget based on the costs of the tasks necessary to achieve specific marketing objectives.