Outsourcing Allows a Company to Take Advantage of the ________

question 43

Multiple Choice

Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost.

• A) comparative advantages
• B) diminishing returns
• C) trade imbalances
• D) market failures

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Definitions:

Polyhedral

A shape that has many faces, typically referring to solids in geometry such as cubes or pyramids.

Bacteriophages

Viruses that infect and replicate within bacteria, often used in genetic engineering and biotechnology.

Progressive Hypothesis

A theory proposing that change, especially in a societal or evolutionary context, occurs in a gradual, steady progression rather than through sudden leaps.

Mobile Genetic Elements

Pieces of DNA that can move or be transferred from one location in the genome to another, affecting gene expression and evolution.