Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor

question 80

Multiple Choice

Table 2-4

Table 2-4 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-4.Does either China or South Korea have an absolute advantage and if so,in what product?

• A) South Korea has an absolute advantage in wheat.
• B) China has an absolute advantage in wheat.
• C) South Korea has an absolute advantage in both products.
• D) China has an absolute advantage in digital cameras.

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Definitions:

Cultural Intelligence

Cultural Intelligence is the ability to relate and work effectively across cultures, understanding and adapting to cultural differences.

Global Awareness

The understanding and appreciation of the complexities and interconnectedness of global issues and cultures.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

International Empathy

The capacity to understand and appreciate the feelings, thoughts, and experiences of people from different countries or cultures.