Table 3-7 Assume That Japan and Korea Can Switch Between Producing Cars

question 207

Multiple Choice

Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

-Refer to Table 3-7.Japan and Korea would not be able to gain from trade if Korea's opportunity cost of one car changed to

• A) 1/5 airplane.
• B) 1/3 airplane.
• C) 3 airplanes.
• D) 5 airplanes.

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Definitions:

Organizational Success

The achievement of the goals and objectives set by an organization, often measured by financial performance, market share, or the fulfillment of its mission and vision.

Organization Design

The process of structuring an organization's roles, responsibilities, and systems to effectively achieve its goals.

Boundaryless Organizations

An organizational philosophy emphasizing fluidity over hierarchical structures to foster faster decision making and greater flexibility.

Structural Barriers

Obstacles that physically or organizationally prevent individuals from accessing resources, opportunities, or services.