According to the free market view, countries should specialize in the production of those goods and services that they can produce most efficiently
Indicate whether the statement is true or false.
TRUE
The free market view argues that international production should be distributed among countries according to the theory of comparative advantage. Countries should specialize in the production of those goods and services that they can produce most efficiently.
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Sela needs to buy several pieces of luggage. While there are several different manufacturers of luggage, Sela believes all of them are basically alike. The only feature she is genuinely concerned about is low price. For Sela, as what type of product would luggage be classified?
a. unsought b. specialty c. homogeneous shopping d. heterogeneous shopping
International human resource strategy focuses on the people who work for an organization
Indicate whether the statement is true or false