Answer the Question(s)below Based on the Following Diagram of a Country

question 14

Multiple Choice

Answer the question(s) below based on the following diagram of a country that is in international trade equilibrium.

-Refer to the figure above.If Y is labor intensive then according to the HO theory,this country should be ________ abundant.

• A)capital
• B)labor
• C)both capital and labor
• D)Can't tell without more information

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Definitions:

External Environment

The outside factors and forces that can affect the operations, success, and strategy of a business or organization, including economic, legal, and socio-cultural elements.

Internal Change

This refers to modifications within an organization that can affect structures, processes, strategies, or personnel.

Flexible Work Arrangement

Work schedules that allow employees flexibility in choosing where or when they complete their tasks to balance work and personal responsibilities.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization.