Which of the Following Statements Explains Why Asian Countries Such

question 37

Multiple Choice

Which of the following statements explains why Asian countries such as China and Vietnam export goods to industrialized countries?

• A) Workers in China and Vietnam receive low wages.
• B) Workers are more productive in China and Vietnam than in industrialized countries.
• C) China and Vietnam have an abundant supply of raw materials.
• D) Chinese and Vietnamese factories are more technologically advanced than those in industrialized countries.

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Definitions:

Marginal Unit

The additional unit of a good or service, used in economics to analyze the cost or benefit of producing one more unit.

Quantity Discounts

Discounts offered by suppliers to buyers for purchasing large amounts of a product, incentivizing bulk purchases.

Breakpoint

In computing, a breakpoint is a deliberately inserted pause or halt in a program's execution for debugging purposes. In economics, it refers to a level at which there is a change in the rate or conditions of a process or system.

Holding Cost Percentage

Represents the cost incurred to store inventory over a period, expressed as a percentage of the inventory's total value, including expenses such as warehousing, insurance, and depreciation.