Table 2-9 Table 2-9 Shows the Number of Labor Hours

question 119

Multiple Choice

Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.Japan has a comparative advantage in the production of

• A)rice.
• B)wristwatches.
• C)both products.
• D)neither product.

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Definitions:

Dependent

A person who depends on another person for financial support.

Financially Dependent

A status describing individuals who rely on others, typically family members or guardians, for financial support.

Hiring

The process of finding, selecting, and employing people to fill job positions within an organization.

Policies And Procedures

Official guidelines and methods established by an organization to govern its operations and decision-making processes.