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APICS Exam CLTD Topic 6 Question 82 Discussion

Actual exam question for APICS's CLTD exam
Question #: 82
Topic #: 6
[All CLTD Questions]

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

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Suggested Answer: B

by Callie at Jul 09, 2024, 09:07 PM

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Amie
2 months ago
Wait, so does this mean I can't just undercut everyone on wages and call it a day? Darn, there goes my get-rich-quick scheme.
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Yuki
17 days ago
C) The exporting country's productivity is higher in producing the good than the productivity of other countries.
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Rashida
19 days ago
B) The exporting country's wage rate in producing the good is lower than in other countries.
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Alecia
23 days ago
A) The exporting country produces the product utilizing less labor than other countries.
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Kimberlie
2 months ago
Haha, this question is a classic 'trick' one. All the options seem plausible, but D is the only one that fully captures the essence of comparative advantage.
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Marisha
2 months ago
I was leaning towards B, but now I'm not so sure. Maybe I need to review the textbook again.
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Tayna
2 months ago
I'm pretty sure it's C. Productivity is the key factor in determining comparative advantage, right?
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Kanisha
17 days ago
D) The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.
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Lewis
19 days ago
C) The exporting country's productivity is higher in producing the good than the productivity of other countries.
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Marica
1 months ago
B) The exporting country's wage rate in producing the good is lower than in other countries.
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Ilona
1 months ago
A) The exporting country produces the product utilizing less labor than other countries.
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Malcolm
3 months ago
Option D sounds about right. Comparative advantage is all about relative costs, not just low wages or high productivity.
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Jean
1 months ago
Exactly, comparative advantage is about the cost compared to other goods in other countries.
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Shalon
2 months ago
That makes sense. It's not just about low wages or high productivity.
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Selene
2 months ago
D) The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.
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Daron
2 months ago
Yes, I agree. It's all about the relative cost of producing the good.
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Carrol
3 months ago
A) The exporting country produces the product utilizing less labor than other countries.
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Ryann
3 months ago
I think option D is the correct answer.
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Antonio
3 months ago
But doesn't comparative advantage focus on productivity rather than labor?
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Johnson
3 months ago
I disagree, I believe it's A.
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Antonio
3 months ago
I think the answer is C.
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