-Refer to Table 3-5

question 119

Multiple Choice

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

• A) Japan has a comparative advantage in airplanes, and Canada has an absolute advantage in cars.
• B) Japan has a comparative advantage in cars, and Canada has an absolute advantage in airplanes.
• C) Japan has a comparative advantage in cars, and Canada has an absolute advantage in neither good.
• D) Japan has a comparative advantage in airplanes, and Canada has an absolute advantage in both goods.

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Definitions:

In-group Followers

Followers who are considered part of a leader's inner circle and typically enjoy closer relationships and more privileges than out-group members.

Leader-member Exchange Theory

A theory that emphasizes the quality of relationships between leaders and followers, proposing that better relationships lead to higher organizational outcomes.

Leadership Theories

Various conceptual frameworks and methodologies that aim to explain the complexities and effectiveness of leadership.

Subordinate

A person who is under the authority or control of another within an organization, typically referring to workers or employees.