The Benefits from International Trade Include

question 31

Multiple Choice

The benefits from international trade include

• A)A rightward shift of the production possibilities curve.
• B)Greater efficiency in the use of the world's limited resources.
• C)A higher standard of living for every person.
• D)A higher rate of population growth.

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Definitions:

Numerical Estimate

A quantitative assessment or projection made based on available data and mathematical calculations.

HR Requirements

The specific needs or qualifications that a department or position demands from candidates, including skills, education, and experience.

Time Horizon

Relates to the length of time over which an investment, project, or strategy is intended to be implemented or realized.

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The practice of predicting future human resources needs of a company based on expected changes in the business environment and workforce.