Table 2-11 Table 2-11 Shows the Number of Labor Hours

question 376

Multiple Choice

Table 2-11
Table 2-11 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-11. Does either China or South Korea have an absolute advantage and if so, in what product?

• A) South Korea has an absolute advantage in wheat.
• B) China has an absolute advantage in wheat.
• C) South Korea has an absolute advantage in both products.
• D) China has an absolute advantage in digital cameras.

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Definitions:

Leadership Behavior Profiles

Descriptions of specific behaviors and patterns that characterize leaders and their leadership styles.

Autonomous Leadership

Autonomous leadership involves leading in a way that encourages individual independence and self-direction, allowing team members to make decisions and solve problems on their own.

Global Leadership Behaviors

Actions and practices of leaders that are effective across different cultures and international borders, emphasizing adaptability, cross-cultural communication, and global strategy.

Team-Oriented Leadership

A leadership style that focuses on building strong teams, fostering collaboration, and emphasizing collective goals over individual achievements.