Table 3-32 US and French Production Opportunities

question 25

Multiple Choice

Table 3-32
US and French Production Opportunities
-Refer to Table 3-32 The US has a comparative advantage in the production of

• A)wine.
• B)cheese.
• C)both wine and cheese.
• D)neither wine nor cheese.

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Definitions:

Resource Dependency

A theory in organizational studies that describes how external resources dictate the behaviors and strategies of organizations.

External Constituencies

Groups or individuals outside an organization that are affected by its decisions and actions, such as customers, suppliers, and the community.

Failure Theories

A set of theories explaining the conditions under which materials or components fail due to stress, fatigue, or other factors.

Governments

Formal institutions and structures that hold the authority to make and enforce laws and policies within a specific territorial boundary or country.