Which Theory Explains Why China's Low Labor Costs Have Attracted

question 117

Multiple Choice

Which theory explains why China's low labor costs have attracted toy, footwear, and textile manufacturers to develop manufacturing facilities in China?

• A) national competitive advantage theory
• B) Heckscher-Ohlin theory
• C) country similarity theory
• D) absolute advantage theory

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Definitions:

Truck Data Bus

A communication system within a truck that allows various electronic modules to exchange information, improving functionality and performance.

Data Bus Communications

Any type of multiplex transactions.

Multiplexing

A method for combining multiple signals or data streams into one, reducing the number of physical wires or channels needed.

Computer Processing

The series of actions performed by a computer or processor to execute commands and run programs.