This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true about absolute advantage principle? A) According to this approach, ... (Read 125 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jul 7, 2018
Which of the following is true about absolute advantage principle?
 
  A) According to this approach, enhanced product specialization adversely affects communal welfare.
  B) This approach allows the nation to consume more than it otherwise could, generally at lower cost.
  C) This is the only approach that can be used to explain why nations attempt to run a trade surplus.
  D) This approach explains the process by which firms acquire and retain one or more value-chain activities inside the firm.

Question 2

Topsy Turvey Toys buying its merchandise from Ureshi Toys is an example of ________.
 
  A) importing
  B) exporting
  C) outsourcing
  D) insourcing


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chelseyj.hasty

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

This is great. Thanks


jake

  • Member
  • Posts: 538
Reply 2 on: Jul 7, 2018
YES! Correct, THANKS for helping me on my review

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

The principle of faunal succession uses animal fossils to tell relative time. The principle of faunal succession uses animal fossils to tell relative time.
Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
Palpating the thyroid using a posterior approach Palpating the thyroid using a posterior approach
The Principle of Isostasy The Principle of Isostasy
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Gestalt Principle: Continuity Gestalt Principle: Continuity
Video: Conjunctivitis

For a complete list of videos, visit our video library