According to the new trade theory, how does trade offer an opportunity for mutual gain when countries do not differ in their resource endowments or technology?
A. Trade results in a contraction of the size of the markets of individual firms.
B. Trade allows for production of products at higher prices.
C. Trade increases the variety of goods available to consumers and lowers the costs of those goods.
D. Trade allows countries to attain self-sufficiency in the production of all goods.
E. Trade guarantees first-mover advantages to all the countries that engage in trade.
C
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The ending merchandise inventory for the current accounting period is overstated by $3,500. What will be the effect of this error?
A) The net income for the current accounting period will be overstated by $3,500. B) The cost of goods sold for the current accounting period will be overstated by $3,500. C) The ending merchandise inventory for the next accounting period will be overstated by $3,500. D) The cost of goods sold for the next accounting period will be understated by $3,500.
The growth strategy that allows the provision of the same service in new locations is referred to as:
A) multisite. B) multiservice. C) multisegment. D) multiattribute.