Reference: Ref 2-1 (Table: IPhone and IPod Production) According to the Table

question 152

Multiple Choice

Reference: Ref 2-1 (Table: iPhone and iPod Production) According to the table on iPhone and iPod Production, which of the following is TRUE about Canadian and U.S. comparative advantages?

• A) Canada has a comparative advantage in producing both iPhones and iPods.
• B) The United States has a comparative advantage in producing both iPhones and iPods.
• C) Canada has a comparative advantage in producing iPhones, and the United States has a comparative advantage in producing iPods.
• D) Canada has a comparative advantage in producing iPods, and the United States has a comparative advantage in producing iPhones.

Recognize the characteristics and challenges of low-income developing countries.

Identify economic measures used to classify countries' development status and their implications on development.

Analyze the relationship between economic growth rates and income disparities between developing and industrially advanced countries.

Comprehend the significance of efficient resource utilization for economic growth in both developing and advanced economies.

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Definitions:

External Environment

Refers to the conditions, entities, events, and factors surrounding an organization that influence its activities and choices.

Context

The background, environment, framework, or circumstances surrounding an event, situation, or statement, which can influence its meaning or interpretation.

Personality Traits

Enduring characteristics that define an individual’s behavior, thinking patterns, and emotional responses.

Internal Environment

The conditions, entities, events, and factors within an organization that influence its activities and choices.