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LekaFEV [45]
3 years ago
8

"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." T

his statement is correct for a nation that exports manufactured goods, but it is not correct for a nation that imports manufactured goods.a. Trueb. False
Business
1 answer:
kondaur [170]3 years ago
8 0

Answer:

B) False

Explanation:

Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).

And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.

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Unemployment would cause an economy to Group of answer choices produce outside its production possibilities frontier. produce in
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Answer:

The correct answer is: produce inside its production possibilities frontier.

Explanation:

The production possibility frontier shows the maximum possible combination of two goods that an economy can produce using all the available resources and state of technology.

Unemployment in an economy means that all the available resources are not being completely used. So, the economy will operate at a point inside the production possibility curve.

Production at this point will be feasible but allocatively inefficient.

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Explanation:

Company planning is the duty of management and and they plan, they try to use a certain range of activity so that they can better predict how the company will go. That range is therefore the range that the management of the company expects the firm to operate.

When production actually starts, management will try to either keep to that range or exceed it so as to meet or exceed expectations. And even if they don't meet this expectation, they use this relevant range to compare to the actual range for performance evaluation.

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