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

question 329

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. If the two countries specialize and trade, who should export digital cameras?

• A) There is no basis for trade between the two countries.
• B) China
• C) South Korea
• D) They should both be importing digital cameras.

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Definitions:

Intelligence

Refers to the ability to learn, understand, and apply information, solve problems, and adapt to new situations.

Leadership Ability

The skillset or capacity an individual possesses to influence, motivate, and enable others to achieve organizational or group objectives.

HR Department

The division within an organization that is focused on activities related to employees, including recruitment, hiring, training, and benefits administration.

Production Jobs

Positions within an organization that are focused on the manufacturing or creation of goods and services.