Copyright Cengage Learning. Powered by Cognero.
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – PA – DISC: Productivity and growth
Comparative Advantage and Global Supply Chains
198. In defending its strategy of production outsourcing, Apple Inc. notes that
U.S. import tariffs and import quotas are too high
the export subsidies of the U.S. government are too low
there are not enough American workers with the skills the company needs
wages are too low in the United States to motivate people to work hard
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – PA – DISC: Labor markets
Comparative Advantage and Global Supply Chains
199. Today, about ______ percent of a typical Ford vehicle comes from parts, components, and services purchased from
external suppliers, many of which are outside of the United States.
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – PA – DISC: International trade and fi – DISC: International trade and finance
Comparative Advantage and Global Supply Chains
200. According to Adam Smith, mutually beneficial trade requires each nation to be the least-cost producer of at least one
good that it can export to its trading partner.