Hong Kong Is Relatively Abundant in Labor,while Canada Is Relatively

question 119

Multiple Choice

Hong Kong is relatively abundant in labor,while Canada is relatively abundant in capital.In both countries the production of shirts is relatively more labor intensive than the production of computers.According to the factor endowment theory,Hong Kong will have a(n) :

• A) Absolute advantage in the production of shirts and computers
• B) Absolute advantage in the production of computers
• C) Comparative advantage in the production of shirts
• D) Comparative advantage in the production of computers

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Definitions:

Boxed Brownie Mix

A prepackaged set of dry ingredients for making brownies, requiring only the addition of a few wet ingredients.

Rebranding

A marketing strategy in which a new name, term, symbol, design, or a combination thereof is created for an already established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, and competitors.

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The value a brand adds to a product, including how well-known and regarded the brand is among consumers.

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The perception of a brand in consumers' minds, constructed by branding efforts, media, and consumer experiences, reflecting the brand's identity, values, and promise.