According to the “Why iPhones are made in China” video, Apple did not elect to assemble the iPhone in the US (and still does not) because:Group of answer choicesof the large number of phones being produced.Chinese factories were more able than US factories to update products produced annually.production costs in China are less expensive.all of the above.

Nike produces only a small portion of its output in China, but when the firm refers to China as a "2-billion-foot market," it is referring to the fact that:Group of answer choicesit will take a long time for China to develop a future market.the Chinese shoe market is very competitive.China is a potential future market.China can develop its own shoe market.

The table below shows the production of cell phones and tablets by both China and U.S. Which country has the absolute advantage in producing cell phones and which country has the comparative advantage in producing Tablets? Cell PhonesTabletsChina108United States610Group of answer choicesChina, ChinaChina, U.S.U.S., ChinaU.S., U.S.

In the early 2000s, Chinese companies exported much of their output because… Group of answer choices China is in the Northern Hemisphere and goods naturally flow downwards toward the equator and East to West due to the Earth’s rotation. They tended to manufacture under license for foreign buyers. They were all wholly owned subsidiaries of foreign multinationals. Chinese consumers are very hard to please.

Apple products are ............. other companies’ products. a) much more expensive, then b) much expensive, as c) more expensive, than d) so much more expensive, as

Which of the following concepts explains the decision to relocate market-oriented factories in the United States from the Midwest and Northeast to locations in the southern United States or Mexico?ResponsesComparative advantage, because products can be made more efficiently in the southern United States and Mexico. Operating costs and wages are lower, and the manufactured products are easily transported to major United States markets.Comparative advantage, because products can be made more efficiently in the southern United States and Mexico. Operating costs and wages are lower, and the manufactured products are easily transported to major United States markets.Growth poles, because governments in southern United States cities and Mexico strive to stimulate economic development by providing a guaranteed market for all products manufactured at these locations.Growth poles, because governments in southern United States cities and Mexico strive to stimulate economic development by providing a guaranteed market for all products manufactured at these locations.Just-in-time delivery, because the United States population is shifting to the south and west, and the Mexican population is growing. It is critical to produce goods closer to the consumer base to reduce shipping times.Just-in-time delivery, because the United States population is shifting to the south and west, and the Mexican population is growing. It is critical to produce goods closer to the consumer base to reduce shipping times.Complementarity, because the regional economy of the midwestern and northeastern United States is shifting to the service sector. There is little interest in maintaining manufacturing at these locations.Complementarity, because the regional economy of the midwestern and northeastern United States is shifting to the service sector. There is little interest in maintaining manufacturing at these locations.Post-Fordist production, because traditional midwestern and northeastern manufacturing centers in the United States are unable to keep up with the technological changes of modern industry.