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Question
Which of the following statements best indicates Samuelson's criticism of free trade?A.Dynamic gains lead to a universally beneficial outcome for all countries.
B.Offshoring service jobs that were traditionally mobile will increase the market clearing wage rate.
C.Free trade has historically been beneficial only to developing countries.
D.By importing cheap goods from a poor country a rich country may not be able to produce a net gain if the dynamic effect of free trade is to lower real wage rates in the rich country.
E.Trade changes a country's stock of resources and the efficiency with which it utilizes those resources.
Answer
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Related questions
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Q:
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C.There is a sound theoretical rationale for the assumption of predictability underlying this approach.
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If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what kind of products would it most likely sell?
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B.Food grains
C.Consumer products
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Which of the following is true of the barriers to international communication?
A.Noise tends to increase the probability of effective communication.
B.Source effects can be beneficial for an international business when potential consumers in a target country have a bias against foreign firms.
C.Many international businesses try to promote positive source effects by deemphasizing their foreign origins.
D.Fewer firms vie for the attention of prospective customers in developing countries, thus the noise level is lower.
E.Research suggests that a consumer may use country of origin as a cue when evaluating a product, particularly if he or she has detailed knowledge of the product.
Q:
According to research, when do consumers usually use the country of origin as a cue when evaluating a product?
A.When a firm tries to deemphasize its foreign origins
B.When consumers lack detailed knowledge of a product
C.When an advertising campaign stresses the positive performance attributes of a product
D.When a limited number of messages compete with each other for consumers' attention
E.When a firm resorts to personal selling instead of mass media advertising