MNB3701 ASSIGNMENT 3 2024 POSSIBLE QUESTIONS AND ANSWERS

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, BMZ ACADEMY




CONTACT BMZ Academy @061 262 1185/068 053 8213/0717 513 144




BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
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, BMZ ACADEMY




If country A, can produce both cheese and chocolate, the country must determine how
much labour goes into producing each good. If it takes one of labour to produce 10
units of cheese and one of labour to produce 20 units of chocolate. Then this country
has………………….


a.
An absolute advantage in producing cheese

b.
An absolute advantage in producing chocolate

c.
A comparative advantage in producing cheese

d. A comparative advantage in producing chocolate


Question text

Due to low labour costs and Chinese manufacturers' capabilities and competences in
manufacturing processes, Apple, an American firm, has chosen to relocate its non-core
operations, such as manufacturing, to China. This is referred to as…………..




a.
Reshoring

b.
Nearshoring

c. Offshore outsourcing

d.
Business process outsourcing


Question text

Protectionism is when policies are designed to act as ……………………


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