Which of the following statements is true of foreign outsourcing? a. It helps circumvent government restrictions...
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Which of the following statements is true of foreign outsourcing?
a. It helps circumvent government restrictions on importing in closed markets.
b. It drives down the cost of production.
c. It is the most basic level of international market development.
d. It is a specialized type of licensing.
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Unless they face major trade barriers, the industries in any country tend to produce products for which they have a _____, which means that they tend to turn out those goods that have the lowest opportunity cost compared to other countries.
a. balance of payments surplus
b. positive balance
c. comparative advantage
d. trade surplus
Which of the following statements is true of foreign outsourcing?
a. It helps circumvent government restrictions on importing in closed markets.
b. It drives down the cost of production.
c. It is the most basic level of international market development.
d. It is a specialized type of licensing.
2 points
QUESTION 34
Unless they face major trade barriers, the industries in any country tend to produce products for which they have a _____, which means that they tend to turn out those goods that have the lowest opportunity cost compared to other countries.
a. balance of payments surplus
b. positive balance
c. comparative advantage
d. trade surplus
Which of the following statements is true of foreign outsourcing?
a. It helps circumvent government restrictions on importing in closed markets.
b. It drives down the cost of production.
c. It is the most basic level of international market development.
d. It is a specialized type of licensing.
2 points
QUESTION 34
Unless they face major trade barriers, the industries in any country tend to produce products for which they have a _____, which means that they tend to turn out those goods that have the lowest opportunity cost compared to other countries.
a. balance of payments surplus
b. positive balance
c. comparative advantage
d. trade surplus
Homework Answers
1.It drives down the cost of production.
2. competitive advantage
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