If Labor in the United States Is More Productive Than

question 100

Multiple Choice

If labor in the United States is more productive than England, then _____

• A) the United States is better off for trading with England.
• B) England is worse off for trading with the United States.
• C) neither country will benefit from trading.
• D) both countries will benefit from trading.
• E) England does not have a comparative advantage.

---

Definitions:

Competitive Advantages

Qualities that allow a company to perform better than its competitors, such as superior products, lower costs, or better branding.

Cost Advantages

Economic benefits that an organization gains due to lower production costs, often leading to competitive pricing.

GE/McKinsey Grid

A strategic tool used to evaluate business portfolios based on industry attractiveness and business unit strength.

BCG Matrix

A strategic planning tool that uses market growth rate and market share to categorize business units or products into four categories: Stars, Cash Cows, Question Marks, and Dogs.