Communism and socialism are examples of market economies
Indicate whether the statement is true or false
FALSE
Explanation: These are examples of planned economic systems, in which the government plays a significant role in determining the goods and services produced and distributed.
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If a salesperson is paid commission on sales, then he/she tends to neglect the follow-up step in the selling process
Indicate whether the statement is true or false
Which of the following was a pervasive finding of Porter's study?
A. Successful industries within a country tend to be grouped into clusters of related industries. B. Trade increases the specialization of production within an industry. C. The pattern of trade we observe in the world economy may be the result of first-mover advantages. D. Purchasing power parity of a country determines its demand conditions. E. Differences in technology may lead to differences in productivity, which in turn, drives international trade patterns.