Question

which of the following characteristics relate to splitting up the value chain?
when one nation can produce a product at lower cost relative to another nation.
the goods in which a nation has its greatest productivity advantage or its smallest productivity disadvantage; also, the goods that a nation can produce at a lower cost when measured in terms of opportunity cost.
international trade of goods within the same industry.
when many of the different stages of producing a good happen in different geographic locations.
question 25
2 pts
opportunity cost is whatever must be given up to obtain something that is desired.
a. true
b. false

Explanation:

Splitting up the value - chain refers to the situation where different production stages of a good occur in various geographic locations. Opportunity cost is defined as what must be given up to obtain something desired.

Answer:

Question 1: When many of the different stages of producing a good happen in different geographic locations.
Question 2: A. True