The Shipbreakers of Alang Utilize Much Labor and Little Capital,thereby

question 25

Multiple Choice

The Shipbreakers of Alang utilize much labor and little capital,thereby supporting the applicability of the

• A)monopolistic competition theory of comparative advantage.
• B)basis of the non- dumping legislation.
• C)scale economies theory of comparative advantage.
• D)factor proportions explanation of the sources of comparative advantage.
• E)specific factor theory of comparative advantage.

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Definitions:

Resource Allocation

The process of assigning and managing assets, funding, and other resources among various projects or business units to maximize efficiency and achieve strategic objectives.

Merger Integration

The process of combining and restructuring two or more companies into a single entity, focusing on aligning organizational culture, systems, and operations.

Person-Hours

Represents the amount of work performed by an average worker in one hour, used to measure the amount of effort required to complete a task.

Cultural Pluralism

The coexistence of diverse cultures in a society, where they maintain their cultural differences.