Country a Can Produce 10 Yards of Textiles and 6

question 12

Multiple Choice

Country A can produce 10 yards of textiles and 6 pounds of food per unit of input.Country B can produce 8 yards of textiles and 5 pounds of food per unit of input.

• A)Country A is relatively more efficient than Country B in the production of textiles
• B)Country B is relatively more efficient than Country A in the production of food
• C)Country A has an absolute advantage over Country B in the production of food and textiles
• D)All of these

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Definitions:

TPS

An acronym for Toyota Production System, a methodology that aims to increase efficiency by eliminating waste and improving production processes.

Inventory

The total amount of goods and materials held by a company at a given time, including raw materials, work-in-progress, and finished goods.

JIT Scheduling Tactics

Just-In-Time scheduling strategies that aim to improve manufacturing and inventory efficiency by receiving goods only as they are needed in the production process, reducing waste.