Table 2-9 Table 2-9 Shows the Number of Labor Hours

question 172

Multiple Choice

Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.If the two countries specialize and trade,who should export rice?

• A)There is no basis for trade between the two countries.
• B)Japan
• C)Thailand
• D)They should both be exporting rice.

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Definitions:

Inward Focus

An organizational perspective that prioritizes internal processes, values, and concerns over external trends, customer needs, or market changes, which can limit growth and adaptability.

Organizational Socialization

The process by which new employees learn the values, norms, and required behaviors which permit them to participate as members of an organization.

Outsiders

Individuals or groups who are not part of a specific community or organization, often facing different social dynamics or barriers to inclusion.

Insiders

Individuals within an organization or group who have exclusive access to information, knowledge, or power not available to outsiders.