When There Are Gains to Be Had by Both Countries

question 83

Multiple Choice

When there are gains to be had by both countries party to an exchange, international trade is considered a ________.

• A) positive-sum game
• B) zero-sum game
• C) negative-sum game
• D) none of the above

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Definitions:

Personnel Costs

Expenses related to the compensation and benefits of employees, including wages, salaries, bonuses, and fringe benefits.

Volume-based Cost Driver

A factor that causes the cost of an activity or resource to increase, directly related to the volume of production or service delivery.

Indirect Manufacturing Costs

Expenses related to the production process that cannot be directly attributed to specific units of product, such as utilities, maintenance, and factory supervision.

Automation

The technology by which a process or procedure is performed with minimal human assistance.