Table 3-6 -Refer to Table 3-5.Which Country Has a Comparative Advantage in a Comparative

question 32

Multiple Choice

Table 3-6

-Refer to Table 3-5.Which country has a comparative advantage in each product?

• A)England has a comparative advantage in bread, and Spain has a comparative advantage in cheese.
• B)England has a comparative advantage in cheese, and Spain has a comparative advantage in bread.
• C)England has a comparative advantage in both goods, and Spain has a comparative advantage in neither good.
• D)England has a comparative advantage in neither good, and Spain has a comparative advantage in both goods.

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Definitions:

Non-Profit Organization

An entity that operates for charitable, educational, cultural, or other purposes serving the public interest, rather than for profit.

Organization

An arranged group of people and resources structured to achieve specific goals or carry out a range of activities.

Organizational Behaviour

The study of how individuals and groups act within organizations, and how these entities interact with their environments.

Strategic Priority

Refers to the focus areas or actions that an organization identifies as most important to achieve its strategic goals.