International trade is the purchase, sale, or exchange of goods and services across national borders.
Indicate whether the statement is true or false
Question 2
In reviewing his fulfillment process, Jack realizes that different customers opt for different types of shipping based on their preferences. Which of the following would most likely help Jack provide better shipping service to his customers?
A) introduce overnight delivery but at a very high cost
B) reduce costs by implementing a cheaper but slower delivery method
C) implement a universal delivery method to capitalize on efficiency gains
D) offer customers a choice of delivery methods with different speeds and costs
Question 3
Which of the following is true about national industrial policy?
A) It is designed to create monetary and fiscal policies, such as low-interest loans, that provide a stable supply of capital for company investment needs.
B) It explains why nations attempt to run a trade surplus.
C) It demonstrates that what matters is not the absolute cost of production, but rather the relative efficiency with which two countries can produce the products.
D) It underlines the demerits of rigorous educational systems at the precollege level.
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