Table 15.3 shows:
A)That firms must employ economists when making strategic location decisions
B)That the economic theory of comparative advantage can be quantified and tested
C)That the USA should dominate clothes manufacturing (apparel)
D)That Hong Kong should dominate fiber production

Question

Quizplus · Accepted Answer

Table 15.3 displays data on the comparative advantage of different countries in various industries. This shows that the economic theory of comparative advantage can be quantified and tested, as it highlights which countries have a competitive advantage in certain industries. It does not necessarily indicate that firms must employ economists or that certain countries should dominate specific industries.

Table 15.3 Shows