Figure 9-8

question 185

Multiple Choice

Figure 9-8.On the diagram below,Q represents the quantity of cars and P represents the price of cars.
-Refer to Figure 9-8.The country for which the figure is drawn

• A)has a comparative advantage relative to other countries in the production of cars and it will export cars.
• B)has a comparative advantage relative to other countries in the production of cars and it will import cars.
• C)has a comparative disadvantage relative to other countries in the production of cars and it will export cars.
• D)has a comparative disadvantage relative to other countries in the production of cars and it will import cars.

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Definitions:

Service Demands

The consumer's need or desire for services, which can vary based on factors like time, location, and quality preferences.

Capital Expenditures Budget

A budget that outlines planned investments in fixed assets, such as property, plant, and equipment, which are expected to provide benefits over multiple periods.

Investing Activities

Financial transactions and activities related to the acquisition or sale of long-term assets and investments.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, estimating assets, liabilities, and shareholders' equity based on planned activities.