In a Situation of Free Trade

question 6

Multiple Choice

In a situation of free trade,

• A)countries with comparative advantage will export more than countries with comparative disadvantage import.
• B)the total quantity of an item exported will be greater than the total quantity imported.
• C)importing countries will always produce some good, so that total quantity imported is less than total quantity exported.
• D)the total quantity of an item exported will equal the total quantity imported.

Recognize behavioral segmentation and its relevance to consumer behavior.

Distinguish between market segments and target markets.

Acknowledge the changing significance of demographic variables in market segmentation.

Understand psychographic segmentation and its application in understanding consumer personality and lifestyle.

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