Multiple Choice
A production strategy in which one organization hires another organization to manufacture a good under the hiring firm-s name and to the hiring firm-s specifications is known as ________________.
A) contract manufacturing
B) outsourcing
C) diagonal integration
D) value added
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Factor price equalization can occur even if
Q3: In 1954, Wassily Leontief provided empirical evidence
Q4: Watches are relatively capital intensive in their
Q5: A strategy in which one organization hires
Q6: The magnification principle holds that a change
Q7: According to the Stolper-Samuelson theorem, free trade
Q8: The good that uses more capital in
Q9: The Heckscher-Ohlin theorem is consistently supported by
Q10: Economic growth spurred by either a technological
Q11: Switzerland produces both watches and chocolate. Watches