Answer:
A. If Canada were to allow trade, it would export hockey sticks
Explanation:
A Comparative advantage is said to exist when one nation sacrifices fewer resources than another to produce same quantity of a product. It means the nation with lower opportunity cost (in terms of units of production of other good sacrificed), than others, holds a comparative advantage.
In the given case, Canada sacrifices fewer (i.e 5 bats against 8 bats) units of baseball bats to produce a hockey stick, than other nations.
This means Canada holds a comparative advantage relative to other countries, in production of hockey sticks.
Hence, if Canada were to allow trade, it would export hockey sticks.
Maidenform and its major brands have strong brand equity.
Explanation:
Brand stocks refer to the added value of a single company for the same commodity. This renders one substance better than others. Brand loyalty renders a company better or worse than other brands.
Apple: Apple's market share best example.
Brand equity includes three basic components: the understanding of customers, negative or beneficial consequences and the resultant valuation.
Name equity funds also operate in the same market or field.
<span>The net energy yield underlies various energy aggregation in economics and ecology such as tropic dynamics, national energy accounting and energy input output modelling in economics and the yield in 1954 can be derived from all this data.</span>
These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
<h3>What is Market Economy?</h3>
Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
Learn more about Market economy here:
brainly.com/question/14164189
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