Table 3-7 Assume That Japan and Korea Can Switch Between Producing Cars

question 32

Multiple Choice

Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

-Refer to Table 3-7.Assume that Japan and Korea each has 2400 hours available.Originally,each country divided its time equally between the production of cars and airplanes.Now,each country spends all its time producing the good in which it has a comparative advantage.As a result,the total output of cars increased by

• A)16.
• B)40.
• C)64.
• D)80.

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Definitions:

Detail Work

The aspect of a job focusing on meticulous and fine tasks, requiring attention to small elements or aspects of the work to ensure quality and accuracy.

Controlling Function

The management activity that monitors performance, compares it with goals, and takes corrective action as needed.

Supervising

The act of overseeing, directing, and managing the work and performance of others, often in a workplace setting.

Developing People

Fostering growth and improvement in individuals within an organization through training, mentoring, and providing opportunities for professional development.