Use the Following to Answer Questions

question 157

Multiple Choice

Use the following to answer questions
Figure: Ships and Autos in Countries A and B
-(Figure: Ships and Autos in Countries A and B) Two countries manufacture automobiles and ships.Based on the graphs,which statement is correct?

• A) Country A has a comparative disadvantage in producing ships.
• B) The two countries should not trade with each other because they can produce both goods.
• C) Country B has an absolute advantage in both goods because the line is closer to the origin.
• D) Country A has an absolute advantage in producing ships.

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Definitions:

Vision

A clear, inspiring portrayal of what an organization aspires to become in the future, guiding its strategic planning and decision-making processes.

Values

Core beliefs or principles that guide an individual's or organization's behavior and decision-making processes.

Tactical Goal

Short-term objectives set by an organization that are aimed at achieving a specific part of a larger strategic plan.

Corporate Strategy

a long-term, overarching plan of a corporation designed to achieve specified objectives while managing competition and market challenges.