The country similarity theory ________
A) suggests that a country should export those goods for which it is more productive than other countries and trade for those goods for which other countries are more productive
B) states that a country should produce and export those goods for which it is relatively more productive than other countries and import those goods for which other countries are relatively more productive than it is
C) suggests that a country will have a comparative advantage in producing products that intensively use resources it has in abundance
D) argues that most trade in manufactured goods should be between countries with similar levels of economic development
D
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Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter:
a. Martin has become secondarily liable on the check. b. Martin has dishonored the check. c. Lincoln has warranted the check. d. Lincoln has dishonored the check.
Denthrill Inc., a company that manufactures toothpaste, conducts a survey to find out the most important factor that consumers look for while buying toothpaste
Through the survey, it is found that consumers are most particular about the flavor of the toothpaste. Taking this into consideration, Denthrill Inc. introduces a variety of flavored toothpaste in the market. Which of the following has the company used to satisfy its target market? a. Consumer behavior b. International marketing c. Economic factors d. Global adaptation