The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 47

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following looks at the demand side of the market to explain some of the observed international trade patterns?

• A)The theory of consumer preferences
• B)The factor abundance theory
• C)The product life cycle theory
• D)The Ricardian model
• E)The human skills approach

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Definitions:

Credit Policy

A set of guidelines that a company uses to determine the creditworthiness of customers and the terms under which it will extend credit.

DSO

Days Sales Outstanding (DSO) represents the average duration in days for a business to receive payment following a sale.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Credit Sales

Transactions where the goods or services are provided to a customer with an agreement that payment will be made at a later date.