The Data in the Table Below Assumes That with the Same

question 29

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2 According to Table 20.2, Australia has:

• A)a comparative disadvantage in the production of both food and computers.
• B)a comparative advantage in the production of computers.
• C)a comparative disadvantage in the production of computers.
• D)a comparative advantage in the production of food.
• E)a comparative advantage in the production of both food and computers.

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Definitions:

Financial Perspective

An aspect of business strategy focused on financial metrics and outcomes as a measure of success, often used in the Balanced Scorecard framework.

Customer Perspective

The viewpoint or attitudes of customers towards a product, service, or brand.

Marketing Plans

Strategic documents that outline the marketing strategies, tactics, activities, costs, and projected results for a specific time period.

Potential Ways

Various methods or approaches that could be employed to achieve certain goals or solve specific problems.