Using scenarios to help recognize outcomes and plan better falls under the critical thinking idea of

1 answer:

8 0

The answer for this qeustion is: Thinking in time
By using scenarios, we can formulate several outcomes that could possibly happen if we decided to follow a certain plan.
If we do this, we could prepare our actions on how to deal with those outcomes before it actually happens in real life.

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__________________-- stresses that in some cases, countries specialize in the production and export of particular products not b

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New Trade Theory

Explanation:

New Trade Theory explains one reason why some countries specialize in specific industries for factors other than natural resources, quantity of labor force, or comparative advantage.

This reason is that some industries can only support a limited number of firms around the world. An example of this is the aeronautic industry, which only has a few players, with two giant firms dominating above all others: Boeing (US), and Airbus (Europe).

While the United States and the European Union can specialize in making planes through their respective giant companies, most other countries in the world cannot do so: they neither have the techology, nor the expertise, nor the capital to create a successful competitor for Aribus or Boeing. It is not even clear if the market needs or would support a third industry giant either.

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Based on the information provided, the program which maximizes total benefit is option B with a total cost of 6 and a total benefit of 10.

<h3 /><h3>What is Cost-Benefit Analysis?</h3>

This refers to the process of comparing the costs and benefits of various programs in order to select the one with the most value and or benefit based on the total cost to the individual, business, or country.

Subtracting the cost from the benefits, in the data above, the program which yields the highest is B. Hence B is the correct answer.

Please see the link below for more about Cost-Benefit Analysis:

brainly.com/question/199821

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