The Free Trade Theories of Specialization Primarily Assume That ________

question 19

Multiple Choice

The free trade theories of specialization primarily assume that ________.

• A) domestic resources are unable to move from the production of one good to another
• B) countries have objectives other than economic efficiency
• C) specialization triggers unemployment
• D) resources are immobile internationally

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Definitions:

Marketing Concept

A business philosophy suggesting that company success lies in understanding and meeting the needs of its consumers.

Four Ps

Stands for Product, Price, Place, and Promotion, which are considered the core elements of the marketing mix used to market a product or service effectively.

Marketing

The endeavors, structures, and methods focused on producing, sharing, providing, and trading products and services that are valuable to consumers, associates, and the broader public.

Ethical Implications

The moral consequences or considerations related to an action, decision, or practice, particularly in how they affect individuals or society.