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

question 73

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.Without trade,Japan produced and consumed 50 cars and 6 airplanes and Korea produced and consumed 27 cars and 7 airplanes.Then,each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 28 cars for 8 airplanes.As a result,Japan gained

• A) 0 cars and 2 airplanes and Korea gained 1 car and 1 airplane.
• B) 2 cars and 2 airplanes and Korea gained 1 car and 1 airplane.
• C) 28 cars and 8 airplanes and Korea gained 28 cars and 8 airplanes.
• D) 52 cars and 8 airplanes and Korea gained 28 cars and 8 airplanes.

Understand the challenges and considerations of virtual teamwork compared to traditional face-to-face teams.

Recognize the importance of trust in management for effective leadership and team dynamics.

Appreciate the significance of diverse skills and backgrounds in team composition for successful collaboration.

Comprehend the factors contributing to team effectiveness beyond goal accomplishment.