-Refer to the Above Table

question 261

Multiple Choice

-Refer to the above table. Assuming that opportunity costs are constant, which of the following is a correct statement?

• A)The United States has a comparative advantage in computers.
• B)The United States has a comparative advantage in bicycles.
• C)Mexico has a comparative advantage in computers.
• D)Mexico has a comparative advantage in both goods.

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Definitions:

Enterprise Incentive Plans

Strategic programs designed to encourage and reward employee performance across an organization, typically aligning with broader business goals.

Culture of Ownership

A culture of ownership is an organizational ethos where employees feel responsible for their roles and outcomes, often leading to higher engagement, accountability, and performance.

Free Ridership

A situation in which individuals or entities benefit from resources, goods, or services without contributing to their cost or development.

Scanlon Plan

A gainsharing program wherein employees receive bonuses for cost-saving measures or productivity improvements.