The Accompanying Table Shows Labor-Productivity Figures in Two Countries Facing

question 129

Multiple Choice

The accompanying table shows labor-productivity figures in two countries facing constant costs. It can be deduced that

• A)country A can produce more meat and houses than country B.
• B)country A has a comparative advantage in producing houses.
• C)country B has the absolute advantage in producing houses.
• D)country B has a comparative advantage in producing houses.

Learn the significant role of data analytics in optimizing supply chain efficiency and decision-making.

Understand the importance of achieving minimum efficient scale for in-house production to be worthwhile.

Recognize the global nature of modern supply chains and the implications of globalization on production.

Comprehend how enterprise resource planning (ERP) systems integrate various aspects of a business.

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Definitions:

Ethnic Turmoil

Conflict or unrest within a nation or community, typically arising from racial or ethnic differences.

Civil Strife

Conflict and disruption within a country or region, often involving violence between different groups or the state.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to measurable targets such as job creation, wealth support, and improved social services.