Australia Imports Motor Vehicles Because

question 9

Multiple Choice

Australia imports motor vehicles because

• A) foreign economies have an absolute advantage in their production.
• B) Australia has a lower opportunity cost of production.
• C) foreign nations have a lower opportunity cost of production.
• D) it is a dangerous job to produce them.
• E) Australia must import goods and services from other countries so that they can develop economically.

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Definitions:

Rechargeable Batteries

Batteries that can be restored to full charge by applying electrical energy, often used in various electronic devices.

SPIN Approach

stands for Situation, Problem, Implication, and Need-Payoff, a consultative selling technique that focuses on asking the right questions to understand and address customer needs effectively.

SPIN Approach

A sales technique that focuses on asking questions about Situation, Problem, Implication, and Need-payoff to close deals.

Third Category

In a classification system, the additional or alternative group that items, ideas, or solutions can be placed into beyond the primary two options.