Refer to the Information Provided in Figure 33

question 208

Multiple Choice

Refer to the information provided in Figure 33.2 below to answer the question(s) that follow. Figure 33.2
-Refer to Figure 33.2. England has

• A) a comparative advantage in producing trucks.
• B) an absolute advantage in producing cars.
• C) a comparative advantage in producing cars.
• D) no comparative advantage in producing either cars or trucks.

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Definitions:

Employee-Owned Corporation

A business structure where employees hold a significant portion of the company's shares, contributing to decision-making processes.

Multi-National

Corporations or companies that operate in multiple countries outside of their headquarters or origin country.

Stockholders

Individuals or entities that own shares in a corporation, thus having an interest in its performance and profits.

Employee-Owned Corporations

Businesses where the majority of the stock is owned by the employees, often leading to high levels of staff engagement and motivation.