The United States Has Developed a Comparative Advantage in Film

question 171

Multiple Choice

The United States has developed a comparative advantage in film production due to the film industry being long-established in southern California, and lower costs result from the size of the industry in the area.This source of comparative advantage is referred to as

• A)the abundance of natural resources.
• B)superior process technology.
• C)external economies.
• D)best practices of unskilled labor.

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Definitions:

Predecessor-successor Relationships

In project management, these relationships define the sequential order of tasks, where one task must be completed before the next one can start.

Forward Pass

A technique used in project management that involves calculating the earliest start and finish times for each task in a project schedule.

Crashing

An approach in project management to shorten the project schedule by adding resources to critical tasks.

Negative Float

The amount of time that must be saved in order to complete a project on schedule, indicating a project is behind its planned timeline.