Table 2-20 Table 2-20 Shows the Number of Labor Hours

question 316

Multiple Choice

Table 2-20
Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-20. If the two countries specialize and trade, who should export wristwatches?

• A) There is no basis for trade between the two countries.
• B) Japan
• C) Thailand
• D) They should both be importing wristwatches.

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Definitions:

Introversion

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's identity and personal qualities.

Ideal Self-concept

Ideal self-concept pertains to how individuals would like to see themselves, embodying their aspirations and values.

Persona

A detailed profile of a hypothetical or fictional character representing a key segment of a product’s target audience, used in marketing and product design to empathize with customer needs.