Table 2.8 Table 2.8 Shows the Number of Labour Hours Required to of Labour

question 110

Multiple Choice

Table 2.8

Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2.8. Does either Ireland or Scotland have an absolute advantage and if so, in what product?

• A)Scotland only has an absolute advantage in guitars.
• B)Ireland only has an absolute advantage in guitars.
• C)Scotland has an absolute advantage in both products.
• D)Ireland only has an absolute advantage in motorcycles.

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Definitions:

Group-Level

Pertaining to the characteristics, dynamics, or outcomes of a group rather than individual members.

Financial Performance

A measure of how well a firm is using its assets to generate earnings.

Power-Influence Approach

A theory in leadership emphasizing the tactical use of power and influence by leaders to direct or change the behavior of followers towards desired outcomes.

Power

Refers to the capacity or ability to direct or influence the behavior of others or the course of events.