Which of the Following Statements Describes Reasons Why Freetrade Is

question 18

Multiple Choice

Which of the following statements describes reasons why freetrade is beneficial for the United States?

• A)Free trade increases consumer surplus for imported goods that are cheaper than U.S.goods.
• B)Free trade directs U.S.resources to those goods and services for which the United States has a comparative
• Advantage.
• C)Through specialization the U.S.and its trading partners can use the same overall amount of resources to produce and
• Consume a larger amount of goods.
• D)All of these statements are correct.

Identify and describe the different electoral systems and their impact on the political process and party representation.

Understand the role and functions of political parties within the American political system.

Analyze the effects of party polarization on government, politics, and law.

Understand the concept, causes, and consequences of political realignments.

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Definitions:

Incentive Compensation

A form of payment designed to motivate and reward employees beyond their regular pay, based on their performance.

Balanced Scorecard Performance Measures

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Customer Measures

Metrics or indicators used to evaluate the satisfaction, loyalty, retention, and acquisition of customers within a business.

Internal Business Process Measures

Metrics used to evaluate and improve the efficiency and effectiveness of a company's internal operations.