The more dissimilar two cultures are, the greater the degree of influence culture has on intercultural communication. How strongly intercultural communication has affected the business world

Q: Which of the following strategies of multinational companies is more likely to reduce costs?…

A: A multinational company refers to the type of a firm that operates its business in more than one…

Q: Trade allows each person to specialize in the activities and enjoy a greater variety of goods and…

A: According to the trade model, given by Heckscher Ohlin model, we an economy opens up, it tries to…

Q: Heckscher-Ohlin Model - Example Please, provide and briefly explain an example of 2 countries, whose…

A: The nations around the world tend to have a limit to the amount of resources which they have, while…

Q: Comparative advantage is a comparison among producers based on opportunity cost. True False

A: Comparative advantage is terms of economics and it is leads to the ability of output or production…

Q: Mutual interdependence means that:

A: An oligopoly market structure would have a few buyers and few sellers in the market. The oligopoly…

Q: Assume two countries and their Production Possibilities Frontiers (PPFs) represented by In similar…

A: A curve that represents the variations in the quantity of two products in case both depend upon the…

Q: Which of the following statements is not correct?   Trade allows for specialization.…

A: For trade to be occur minimum two parties are required.

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A: Natural Resources: The term natural resources are those resources that we get from nature and these…

Q: Which of the following are among the reasons offered by Adam Smith for why specialization results in…

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Q: which of the four options best represents specialization and its relationship with trade? absolute…

A: From the four options comparative advantage is the best representative of specialization and it…

Q: Q5)    a)Because of their relatively small national economies, which of the following is most…

A: Qn5 a) International trade Explanation: Belgium, Korea and Canada are the small national economy.…

Q: Q)5 a)Because of their relatively small national economies, which of the following is most likely…

A: Answer: (5). Correct option: International trade Explanation: International trade is most likely…

Q: Assuming the PPF is shifting from PPFo to PPFn, which of the following explains the cause or causes…

A: Production possibility frontier (PPF) is the graphical representation of different combinations of…

Q: comparative or absolute advantage

A: Absolute advantage depicts that ability of a firm, or a country to produce goods in absolute numbers…

Q: Use the table below to answer the questions concerning absolute and comparative advantages.…

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Q: Suppose an economist develops an international trade model based on the assumption that there are…

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Q: nation's ability to produce a product more efficiently than another country is referred to as…

A: When the two countries are open to free trade there are always gains from trade.

Q: The principle of comparative advantage helps explain trade between nations.  True  False

A: Principle of comparative advantage was given by David Ricardo and it builds on the Principle of…

Q: The principle of comparative advantage states that countries should specialize in the production of…

A: International trade is the commercial transactions between countries that take place. Consumer…

Q: Assuming the PPF is shifting from PPFo to PPFn, which of the following explains the cause or causes…

A: The PPF is a graph that shows all of the different combinations of output that can be produced given…

Q: An examination of the Ricardian model of comparative advantage yields the clear result that trade is…

A: The Ricardian model demonstrates that a developed country's industry can compete with a…

Q: All of the following are features of contemporary international economic relations with the…

A: The answer is -  A. Economic growth

Q: Which of the following correctly defines consumption possibilities? It is the maximum amount of…

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Q: Comparative and absolute advantage

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Q: Differentiate between the following terms. Absolute advantage and comparative advantage.

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Q: Compare and contrast absolute advantage and comparative theories. advantage trade

A: The goal of Trade Theory is to explain current trade patterns and their impact on the domestic…

Q: Specialization and trade are closely linked to______________.

A: In economics trade is defined as an economic activity where goods and services are bought and sold…

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A: The word "comparative advantage" refers to how trade benefits businesses, governments, and…

Q: Which of the following best represents the benefit of trade based on comparative advantage? Large…

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Q: Comment on the following statement: “An examination of the Ricardian model of comparative advantage…

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Q: Comparative Advantage The theory of Comparative Advantage emphasizes gains that countries can…

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