Assume That Bulgaria Has a Comparative Advantage in Producing Sandals

question 68

Multiple Choice

Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria.We can conclude that

• A)Bulgaria also has an absolute advantage in producing sandals relative to Finland.
• B)Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
• C)Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
• D)labour costs are higher for sandal producers in Finland than in Bulgaria.

Understand the basics of e-text and the technology and formats used by digital reading devices.

Understand the definition and types of electronic texts (e-texts).

Recognize the variety of e-readers and their distinguishing features.

Identify the advantages and disadvantages of E ink versus backlit e-readers in different lighting conditions.

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Definitions:

ERP III

The third generation of Enterprise Resource Planning software, focusing on extending traditional ERP systems to connect with the internet, e-commerce, and other external operations.

ERP

Organizations leverage Enterprise Resource Planning software to handle everyday business tasks such as accounting, procurement, project management, and manufacturing.

FAIS

Financial Accounting Information System (FAIS) is an information system that collects, processes, and stores financial data to provide key financial information to internal stakeholders.

CRM

Customer Relationship Management, a strategy and software that businesses use to manage and analyze customer interactions and data throughout the customer lifecycle.