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Of the following statements, which is false considering today's global economy? Question 7Answer a. Countries benefit economically by exporting what they can produce most efficiently
Of the following statements, which is false considering today's global economy? Question 7Answer a. Countries benefit economically by exporting what they can produce most efficiently and importing what they cannot produce as easily. b. Trade protectionism can force consumers to pay higher prices to buy domestic goods. c. Investment in human capital is not critical in maintaining a comparative advantage in the knowledge-based global economy. d. Companies today tend to innovate their products and services much faster than their customers' needs evolve
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