China Has Developed a Comparative Advantage in the Production of Children's

question 37

Multiple Choice

China has developed a comparative advantage in the production of children's toys.The source of this comparative advantage is

• A)superior process technology.
• B)a large supply of unskilled workers and relatively little capital.
• C)investment in capital used to produce toys.
• D)a large supply of natural resources.

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Definitions:

Empowered Workplace

A working environment where employees are given autonomy, resources, and the capability to make decisions that affect their work, leading to increased engagement and productivity.

Cooperative Effort

A collaborative approach towards achieving a common goal, emphasizing teamwork and mutual support.

W. Edwards Deming

An American engineer, statistician, professor, author, and management consultant known for his work in quality control and process improvement.

Quality Movement

A comprehensive approach focused on continuous improvement in quality across all organizational levels and processes.