One Reason for International Specialization Is _____

question 90

Multiple Choice

One reason for international specialization is _____

• A) a high world price for a good.
• B) higher trade restrictions imposed by a national government.
• C) diminishing returns to a variable factor of production.
• D) the difference in resource endowments throughout the world.
• E) the difference in benefits that consumers and producers get from the domestic market.

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Definitions:

Consultative Management

A leadership approach where managers seek input and feedback from their team before making decisions, promoting a collaborative work environment.

Organizational Structure

The system outlining how activities are directed in order to achieve an organization's goals, defining roles, responsibilities, and the flow of information within the organization.

Company's Performance

An assessment of a company's ability to achieve its business objectives and goals, often measured by financial indicators such as revenue, profit margins, and market share.

Cross-functional

Relates to a team or process involving members from different departments or areas of expertise working together towards a common goal.