A Product's Components Are Manufactured in a Country That Can

question 59

Multiple Choice

A product's components are manufactured in a country that can produce them at a very low cost while maintaining its quality.These components are then assembled in another country where productivity in assembly is high.This process resembles the theory of ________.

• A) comparative advantage
• B) mercantilism
• C) the international product life cycle
• D) factor proportions

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Definitions:

Elaboration

The formation of a number of different connections around a stimulus at a given level of memory encoding.

Self-reference

Self-reference pertains to the inclusion or consideration of oneself in understanding and relating to concepts or events.

Chunking

A method of organizing or grouping pieces of information together to improve the efficiency of memory recall.

Forgetting

The loss or change of memory over time, which can involve the inability to recall information, experiences, or skills.