Which of the Following Is True

question 41

Multiple Choice

Which of the following is true?

• A)In the HO model complete specialization in the production of exports is a likely outcome of international trade.
• B)In the classical model, complete specialization seldom occurs due to the assumption of increasing opportunity costs.
• C)Complete specialization is more likely if opportunity costs change little as the production point moves closer to either axis.
• D)All of the above are true.

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Definitions:

Central Selling Feature

A key attribute or benefit of a product that sets it apart from its competitors and is emphasized in marketing efforts.

Incentive

Something that motivates or encourages someone to do something.

Quick Action

Immediate or prompt response to a situation, often requiring decisiveness and efficiency.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, depicted as hierarchical levels within a pyramid.