Improvements in Productivity May Lead to Decreasing Comparative Costs If

question 194

Multiple Choice

Improvements in productivity may lead to decreasing comparative costs if

• A) The assumption of fixed technologies under constant costs is relaxed
• B) Technologies available to each nation is allowed to differ
• C) Resource endowments are allowed to vary
• D) All of the above

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Definitions:

Confidentiality

The requirement to keep certain information private, not disclosing it to unauthorized individuals or parties.

Supply Strategy

A plan for managing the procurement of goods and services to meet organizational needs effectively.

Current Markets

The existing state of the marketplace, including trends, consumer demands, and competitive landscape.

Future Needs

Anticipated requirements or demands that an organization or individual will need to address in the coming period.