According to the Trade-Cycle Model, Which of the Following Actions

question 36

Multiple Choice

According to the trade-cycle model, which of the following actions should an organization in a high-income country take when its products mature?

• A) shift the location of production to low-wage countries
• B) innovate to remain competitive in the market
• C) increase home-country production
• D) shift the organization's base to emerging countries

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Definitions:

Builders' Lien Act

Legislation that allows contractors and suppliers to place a lien on a property they have worked on or supplied materials for, to secure payment.

Easement by Prescription

A right to use the property of another acquired through continuous and open use for a period defined by law.

Adverse Possession

A right to actual possession, which can be acquired by non-contested use of the land.

Profit a Prendre

A right granted to an individual to take resources, such as minerals, fish, or timber, from the land of another.