The Apple iPhone is sold in a box labeled "Made in China," but a study by economists at the Asian Development Bank found that the actual percentage of the price of the iPhone accounted for by the only work done in China,which is assembly,is
A)4 percent.
B)12 percent.
C)25 percent.
D)65 percent.

Question

Quizplus · Accepted Answer

The assembly work done in China accounts for only about 4 percent of the iPhone's price, as most of the value comes from components made in other countries and the intellectual property developed by Apple.

The Apple IPhone Is Sold in a Box Labeled "Made