Which Statement Is TRUE

question 117

Multiple Choice

Which statement is TRUE?

• A) It is virtually impossible for a country to be the low-cost producer of all goods and services.
• B) The benefits of trade depend on absolute advantage, not comparative advantage.
• C) A country could have a comparative advantage in producing everything.
• D) A country that has the absolute advantage in production will also have the comparative advantage.

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Definitions:

Marketing Research Approach

The marketing research approach entails systematic identification, collection, analysis, and dissemination of data to improve decision-making related to identifying and solving marketing problems.

Information Technology System

A system composed of hardware, software, data, and networking components designed to collect, process, and distribute information efficiently.

Marketing Questions

Inquiries that focus on identifying target markets, understanding customer needs, and developing strategies to meet those needs through products or services.

Trend Extrapolation

The method of predicting future outcomes by extending existing patterns of historical data.