A Country Is Likely to Have a Comparative Advantage in a Land-Intensive

question 123

Multiple Choice

A country is likely to have a comparative advantage in a land-intensive activity if it has a:

• A)lot of land relative to its population.
• B)large population relative to its landmass.
• C)higher opportunity cost of producing technology.
• D)large amount of capital equipment relative to its population.

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Definitions:

Common Causes

Factors or circumstances that are frequently observed as reasons behind certain events, issues, or outcomes.

Intrinsic Variation

The natural variability inherent within a process or system.

Process Variation

The fluctuation or inconsistency in the procedures and outcomes of manufacturing or service delivery, impacting quality and performance.

Quality Function Deployment

A systematic approach to design based on a close awareness of customer desires, translating those desires into the target design.