The United States Has a Comparative Advantage in Producing Aeroplanes

question 48

Multiple Choice

The United States has a comparative advantage in producing aeroplanes if

• A) it has a larger quantity of skilled workers than do other nations.
• B) it can produce them at a lower opportunity cost than can other nations.
• C) it can produce them at a lower dollar cost than can other nations.
• D) it can produce a larger quantity than can other nations.

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Definitions:

Vertical Loading

A management technique that involves giving employees more responsibility and authority, enhancing their job role.

Periodic Reports

Reports generated at regular intervals to review and analyze performance, finances, or operations within an organization.

Discretion

The freedom to decide what should be done in a particular situation, allowing for judgment and careful decision-making.

Job Design

The allocation of specific work tasks to individuals and groups.