If Canada Is Using All Its Resources to Their Fullest

question 259

Multiple Choice

If Canada is using all its resources to their fullest extent, it can produce either 10 million iPads or 5 million HDTVs. If Mexico is using all its resources to their fullest extent, it can produce either 6 million iPads or 6 million HDTVs. Thus

• A) Canada has a comparative advantage in producing iPads.
• B) Canada has an absolute advantage in producing both goods, and a comparative advantage in producing HDTVs.
• C) Mexico has an absolute advantage in producing both goods.
• D) Mexico has a comparative advantage in producing iPads.

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Definitions:

Successful Change

The effective implementation of new strategies, structures, or processes in an organization, which achieves intended outcomes and is accepted by stakeholders.

Capability

An individual's or organization's inherent ability or capacity to carry out a particular task or to achieve certain outcomes.

Capability

Refers to the ability, skill, or proficiency to carry out a specific task or perform a certain role effectively.

Motivation

The extent to which persistent effort is directed toward a goal.