-In the Absence of Trade Between the Two Countries,the Price

question 93

Multiple Choice

$$~~~{ \text { United States } } ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ { \text { China } } \\\begin{array} { c c c c c } \text { Possibility } & \text { Radios } & \text { Rice } & \text { Radios } & \text { Rice } \\\text { A } & 200 & 0 & 300 & 0 \\\text { B } & 100 & 500 & 150 & 300 \\\text { C } & 0 & 1,000 & 0 & 600\end{array}$$
-In the absence of trade between the two countries,the price of rice in China in terms of radios would be

• A)1/2.
• B)2.
• C)150.
• D)300.

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Definitions:

High-involvement Purchase

A buying decision that carries a higher risk to the buyer and involves complex processes of information gathering and evaluation.

Rebates

Sales promotions that allow consumers to recoup a specified amount of money after making a single purchase; most rebates require consumers to mail their receipt and proof of purchase to manufacturers.

Outdoor Advertising

A form of media used to deliver promotional messages to consumers in outdoor spaces, such as billboards, bus stops, and digital screens.

Flexibility

The ability to adapt to changes, challenges, or new requirements in an efficient and timely manner.