Table 2.8 Table 2.8 Shows the Number of Labour Hours Required to of Labour

question 176

Multiple Choice

Table 2.8

Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2.8. If the two countries specialise and trade, who should export motorcycles?

• A)There is no basis for trade between the two countries.
• B)Ireland
• C)Scotland
• D)They should both be importing motorcycles.

---

Definitions:

Profit Margin

The portion of revenue that remains after paying all expenses, indicating the financial health and profitability of a business.

Outside Directors

Board members who are not part of the company's executive team, providing independent oversight.

Board Of Directors

A group of individuals elected to represent shareholders and oversee the management and policy decisions of an organization.

Priority Directors

Directors within a corporation or board who are given precedence for specific tasks or decision-making processes.