For Each Watch Denmark Produces, It Gives Up the Opportunity

question 162

Multiple Choice

For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese.Germany can produce one watch for every 100 pounds of cheese it produces.Which of the following is true concerning comparative advantage between the two countries?

• A)Denmark has the comparative advantage in watches and cheese.
• B)Germany has the comparative advantage in watches and cheese.
• C)Germany has the comparative advantage in watches.
• D)Denmark has the comparative advantage in watches.
• E)Denmark has the comparative advantage in cheese.

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The process by which shareholders vote on company decisions and board member elections based on the number of shares they hold.

Directors

Individuals elected by shareholders to manage a corporation's affairs and make significant business decisions.

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The common process of legally dissolving a business or partnership, involving settling debts and distributing remaining assets.

Board of Directors

A group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.