Figure 9-13

question 32

Multiple Choice

Figure 9-13. On the diagram below, Q represents the quantity of computers and P represents the price of computers.

-Refer to Figure 9-13.As a result of international trade in computers being allowed,which of the following statements is correct for the country for which the figure is drawn?

• A)Consumer surplus for domestic computer consumers decreases.
• B)The demand for computers by domestic computer consumers decreases.
• C)The losses of the domestic losers outweigh the gains of the domestic winners.
• D)Domestic computer producers sell fewer computers.

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Definitions:

Resource Advantage

A competitive strategy theory focusing on how organizations can achieve higher performance by acquiring and efficiently using resources to provide greater value than competitors.

Corporate Culture

Corporate culture encompasses the beliefs, behaviors, values, and symbols that the members of an organization accept and share, significantly influencing its identity and actions.

Organizational Hierarchy

The arrangement of an organization's roles and responsibilities in a graded structure of authority and leadership.

Transactions

The act of conducting business, which could involve buying, selling, or exchanging goods and services.