If Country a Can Produce Computers More Efficiently Than Country

question 196

Multiple Choice

If country A can produce computers more efficiently than country B, then trade theory tells us that

• A)country A has an information advantage in computer production.
• B)country A has an opportunity cost advantage in computer production.
• C)country A has an absolute advantage in computer production.
• D)country A has a production advantage in computer production.
• E)country A has a comparative advantage in computer production.

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Definitions:

Empower Others

The act of giving power or authority to others, enabling them to make decisions, act independently, and develop self-efficacy.

Independent Decisions

Choices made by an individual or an entity without outside influence or pressure, relying solely on one's judgment and resources.

Problem-Solving

The process of identifying issues, analyzing possible solutions, and selecting and implementing the best option to address a challenge or difficulty.

Team Cohesiveness

Describes the extent to which team members are attracted to each other and motivated to stay in the team, which generally results in higher productivity and morale.