If Country a Can Produce Both Products X and Y

question 51

Multiple Choice

If country A can produce both products X and Y more efficiently,that is with smaller amounts of resources than can country B:

• A)mutually advantageous specialization and trade between A and B may still be possible
• B)we can conclude that A is an "advanced" economy and B is "less developed"
• C)it will necessarily be advantageous for B to import both X and Y from A
• D)mutually advantageous specialization and trade between A and B will not be possible
• E)it will necessarily be advantageous for A to import both X and Y from B

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Definitions:

Profitability

The degree to which a business or activity yields profit or financial gain.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link together the diverse parts of an organization.

Marketing Plan

a comprehensive document outlining a company's strategy for promoting its products or services, including details on target markets, positioning, marketing mix, and budget.

Expense Forecast

Expense Forecast refers to projecting future business expenses over a specific period based on historical data and expected future activities, helping in budget planning and financial management.