Figure 9-18

question 211

Multiple Choice

Figure 9-18.On the diagram below,Q represents the quantity of peaches and P represents the price of peaches.The domestic country is Isoland.
-Refer to Figure 9-18.If Isoland allows international trade and if the world price of peaches is $5,then

• A)Isoland has a comparative advantage,relative to other countries,in producing peaches.
• B)Isoland will import peaches.
• C)consumer surplus with trade exceeds consumer surplus without trade.
• D)All of the above are correct.

---

Definitions:

Marketing Mix

A set of actionable marketing tools—Product, Price, Place, and Promotion—that a company uses to pursue its marketing objectives in the target market.

Target Audience

A specific group of consumers identified as the recipients of a particular marketing message or campaign, based on demographics, interests, or other characteristics.

Services Offered

The various tasks or acts that a company performs for customers in exchange for payment, which can include physical, intangible, or digital activities.

Descriptive Research

A research method focused on describing characteristics of a population or phenomenon being studied without influencing them.