Which of the Following Statements About International Trade Is True

question 40

Multiple Choice

Which of the following statements about international trade is true?

• A)Potentially, a country can have absolute advantage in all goods.
• B)Potentially, a country can have relative advantage in all goods.
• C)After trade, countries tend to specialize in the production of those goods in which they enjoy absolute advantage.
• D)None of the above is true.

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Definitions:

Integrated Marketing Communication

A strategic approach that combines various marketing channels and tools in a cohesive manner to promote a consistent message about a brand or product.

Strategic Communications

The practice of deliberate messaging and media use to achieve specific objectives or outcomes.

Nonprofit Organization

An entity that operates for a collective, public, or social benefit rather than to generate profit for owners or shareholders.

Brand

A name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers.