Which of the Following Is a Consequence of Creation of Large

question 37

Multiple Choice

Which of the following is a consequence of creation of large mass markets?

• A) It will cripple businesses accustomed to mass production and mass distribution.
• B) It will increase the significance of small national markets.
• C) It will lead to decreased purchasing power.
• D) It will increase import tariffs worldwide by at least 70 percent.
• E) It will lead to an overall drop in international trade.

Understand the mechanisms through which trade affects national economies and global competitiveness.

Understand the basic principles of international trade and its economic effects on nations.

Identify the roles and criticisms of international trade organizations such as the World Trade Organization.

Differentiate between comparative advantage and absolute advantage in trade.

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Definitions:

Machinery

Mechanical devices or equipment designed to perform specific tasks, often used in manufacturing and industrial processes.

Business Plan

A detailed document that outlines the objectives, strategies, financial forecasts, and operational goals of a business.

Marketing Strategy

A long-term plan designed to achieve competitive advantage and meet consumer demands by promoting and selling products or services.

Executive Summary

A concise overview of a document, report, or proposal, summarizing its most important points, designed to give readers a quick preview.