Which of the Following Is Not a Reason for International

question 118

Multiple Choice

Which of the following is not a reason for international specialization?

• A) Some countries have educated, trained workers, while other countries have unskilled workers.
• B) Tastes and preferences tend to be different in different countries.
• C) Economies of scale can allow larger, more specialized producers to operate at lower average costs.
• D) People prefer having a choice of products.
• E) The world price of a good is determined by the world supply and demand for it.

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Definitions:

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., in a community or organization.

Stakeholder Ethics

Principles and guidelines that govern the interactions and responsibilities of individuals or organizations towards those who have an interest or stake in a project, outcome, or business.

Johnson & Johnson

Johnson & Johnson is a multinational corporation founded in 1886 that develops medical devices, pharmaceutical, and consumer packaged goods.

Employees

Individuals who work for someone else or for a company in exchange for compensation.