Table 2.6 Table 2.6 Shows the Number of Labour Hours Required to of Labour

question 133

Multiple Choice

Table 2.6

Table 2.6 shows the number of labour hours required to produce a digital camera and a kilo of wheat in China and South Korea.
-Refer to Table 2.6. South Korea has a comparative advantage in the production of:

• A)wheat
• B)digital cameras
• C)both products
• D)neither product

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Definitions:

Central Core

The essential and most important component or aspect of something, often serving as its foundation.

Decision-Making Authority

The power or right delegated to an individual or group to make decisions and act on behalf of an organization.

Decentralised

A system where decision-making powers are distributed among various levels within an organization rather than being concentrated at a single point.

Extensive Delegation

The practice of assigning authority and responsibility widely within an organization to empower employees and improve decision-making processes.