Switzerland's Comparative Advantage in Clocks and Watches Is Likely to Reflect

question 2

True/False

Switzerland's comparative advantage in clocks and watches is likely to reflect national demand characteristics (e.g.the Swiss emphasis on punctuality)rather than national resource endowments.

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Definitions:

Class

A system of ordering society whereby people are divided into sets based on perceived social or economic status.

Category

A group or category of individuals or objects that are considered together because of similar attributes they possess.

Fundamental Attribution Error

The tendency for observers to overemphasize dispositional or personality-based explanations for behaviors observed in others while underemphasizing situational explanations.

Success

The achievement of a set goal, objective, or desired outcome.