Author Question: As competition has become truly global, free trade has resulted in _____ across virtually every ... (Read 54 times)

biggirl4568 · **on:** Jul 14, 2018

As competition has become truly global, free trade has resulted in _____ across virtually every product category.
A) lower prices and lower quality
B) higher prices and lower quality
C) lower prices and higher quality
D) higher prices and higher quality

Question 2

Because Saudi Arabia and Australia have ____, Saudi Arabia can specialize in the production of crude oil and petroleum products, and Australia can specialize in the production of wool.
A) a company advantage
B) an absolute advantage
C) a comparative advantage
D) an effective manufacturing system
E) very low labor costs