Your Roommate Hansen Argues That American Producers Cannot Compete with Foreign

question 64

Multiple Choice

Your roommate Hansen argues that American producers cannot compete with foreign producers because wages are lower in foreign countries than in the United States.Hansen

• A)is incorrect.Free trade raises living standards by increasing economic efficiency.
• B)is right in asserting the need to protect high wages if the United States wishes to maintain its high standard of living.
• C)is correct in arguing that the high wages of U.S.workers make it impossible to compete with workers in low-wage countries.
• D)is advancing the anti-dumping argument for protectionism.

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Definitions:

Prospect

A potential customer or client who has been identified as someone who could be interested in a company's product or service.

Order Takers

Employees or systems in a business that are responsible for accepting and processing customers' orders without engaging in proactive selling or upselling techniques.

Order Getters

Salespeople whose primary responsibilities include generating and taking customer orders, often relying on their persuasive skills and product knowledge.

Personal Selling Process

A direct method of selling in which a salesperson personally approaches potential buyers to present products or services with the aim of making a sale.