Toyota recently built an assembly plant in Woodstock, Ontario.At this plant, Toyota is able to take advantage of paying lower transportation costs on cars to be sold in Canada than it would from its Japanese assembly plants, but it also sacrifices the ease of supervising its Japanese workers, who generally have high skills levels and few labour disputes.In deciding to open the Woodstock plant, Toyota
A) faced no trade-offs because employing lower-wage workers increased efficiency.
B) faced a trade-off between cost and precision.
C) adopted a negative technological change because it replaced high-skilled workers with low-skilled workers.
D) eroded some of its competitiveness in the luxury car market because of its decreased cost of production.
Correct Answer:
Verified
Q5: The principle of opportunity cost is that
A)in
Q6: The points outside the production possibilities frontier
Q12: The attainable production points on a production
