An Example of Acquired Comparative Advantage Is That

question 83

Multiple Choice

An example of acquired comparative advantage is that

• A) the United States imports coffee beans because coffee beans cannot be grown in the United States.
• B) some U.S. consumers prefer German cars over American cars because German cars have a reputation for being very safe.
• C) China specializes in the production of labor-intensive goods because of the amount of labor available in the country relative to capital.
• D) the U.S. government provides a subsidy to firms that are trying to increase their exports to other countries.

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Definitions:

Sensing

Sensing in an organizational context refers to the process of gathering information about the external environment or internal operations through observation and data collection.

Active Listening

A method of communication where complete focus is given to the person speaking, comprehending their message, and replying in a considerate manner.

Organizational Hierarchy

The structured arrangement of roles, responsibilities, and authority within an organization, often depicted in a pyramid shape.

Sensing Component

The sensing component refers to a part of a system or device that detects and responds to some type of input from the physical environment, such as light, heat, motion, moisture, pressure, or any other entity.