The following graph shows the demand for and the supply of a good in a country.If the world price of the good is $2.00 per unit,the import quota that would least affect the level of imports in this country is_____.
A) $3.00 per unit B) $2.00 per unit C) 50 units per month D) 100 units per month E) 150 units per month
Which of the following best describes the return on impressions model?
A) Demonstrates how many 'opportunities to see' for the target audience were generated by the social media tactics. B) Tracks coverage across media and in different markets against sales over time. C) Relies upon survey data to assess the effectiveness of social media marketing. D) Measures effective resource utilization. E) Captures how effective a company is at using capital to generate profits.
The central theme behind the theory of comparative advantage is that if one country has an advantage (lower cost) in the production of two products, they should focus on the production of both so that they gain the greatest advantage in trade when compared to other countries that may have a lesser advantage.