-The Above Figure Shows the U

question 70

Multiple Choice

-The above figure shows the U.S.market for flip-flops.With no international trade,the price in the United States for flip-flops is ________.With international trade,the price in the United States for flip-flops is ________.

• A) $12; $14
• B) $500; $300
• C) $14; $12
• D) $700; $300
• E) $500; $700

---

Definitions:

Less Than One Pound

Refers to items or quantities weighing less than one pound, often used in contexts where precision or small measurements are important.

International Human Capital

The knowledge, skills, and abilities of employees available to an organization from a global talent pool.

Regional Human Capital

The collective skills, knowledge, and experience possessed by individuals within a specific geographical area, contributing to its economic development.

Competitive Advantage

A condition that puts a company in a superior business position.