Governments of developed nations are setting an example by unilaterally lowering their trade barriers
Indicate whether the statement is true or false.
FALSE
Strong economic arguments support unrestricted free trade. While many governments have recognized the value of these arguments, they have been unwilling to unilaterally lower their trade barriers for fear that other nations might not follow suit.
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Submarines Inc., a chain of sub shops, periodically compares the quality of its food and service with its competitors in order to continually improve its performance. This corporate strategy is known as
A. brainstorming. B. diversification. C. benchmarking. D. vertical integration. E. horizontal integration.
________ do not actually produce goods, but they do provide their customers with the time, place, and possession utility by making goods available when and where consumers want them
A) Resellers B) End users C) Not-for-profit organizations D) Producers E) Buying centers