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CIMAPRA17-BA1-1 Exam - Topic 1 Question 27 Discussion

According to the principle of comparative advantage which of the following explains how country V may benefit from international trade?
C) Country V can specialise in exporting oil which it can produce relatively cheaply, and import goods.
A) Specialisation and international trade will only be successful if tariffs are used to protect country V's economy.
B) Jobs historically done by country V's nationals have been off-shored to countries with cheaper labour costs.
D) Country V will only benefit from international trade if another country loses.

CIMAPRA17-BA1-1 Exam - Topic 1 Question 27 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 27
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

According to the principle of comparative advantage which of the following explains how country V may benefit from international trade?

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Suggested Answer: C

by Lonna at May 04, 2022, 02:32 PM

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Lenita
10 months ago
A is just wrong. Tariffs usually hurt more than help!
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Stefania
10 months ago
Wait, D sounds a bit harsh. Trade can be win-win, right?
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Lucy
11 months ago
B is interesting, but isn't off-shoring a bit risky?
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Rozella
11 months ago
Totally agree with C! Oil is a big deal for country V.
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Margot
11 months ago
I think C makes the most sense. Specialisation is key!
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Shawnta
11 months ago
I think the key here is to focus on the differences between HPE Ezmerai and engineered Kubernetes distributions like OpenShift. The question is asking for an advantage, so I'll need to identify what makes Ezmerai stand out.
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Juliana
11 months ago
I'm pretty sure the amount of change in a changing-criterion design is based on the function of the behavior being changed, so I'll go with option C.
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Vanesa
11 months ago
Okay, I've got this. Sampling for variables is the way to go here. That's the method used when you're trying to estimate a numerical value for the whole population, like a dollar amount. The other options are more for categorical or attribute-based data.
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Nan
11 months ago
I'm a bit unsure, but I think the frequency of reporting plays a crucial role too. Wouldn't that impact data accuracy?
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