Table 2-8 Table 2-8 Shows the Number of Labor Hours

question 119

Multiple Choice

Table 2-8
Table 2-8 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 2-8.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:

Transfer of Knowledge

The process of passing information, skills, and expertise from one entity to another, essential for organizational learning and development.

Host-country Firm

A company that operates in a country other than where its headquarters are located, often referred to in the context of multinational corporations.

International Assignments

Work tasks or projects assigned to employees that involve working in a foreign country, often for the purpose of transferring knowledge, filling skill gaps, or global integration efforts.

Antecedent Factors

Events or conditions that precede and potentially cause specific behaviors or outcomes.