A Country Has a Comparative Advantage If It Can Produce

question 143

Multiple Choice

A country has a comparative advantage if it can produce a good or service

• A) at a higher opportunity cost than can other nations.
• B) at a lower opportunity cost than can other nations.
• C) by using less resources than other nations.
• D) that lies outside its production possibilities curve.

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Definitions:

Job Characteristics Model

A theory that proposes that the nature of a job itself affects employee motivation, job satisfaction, and performance, focusing on five core job dimensions: skill variety, task identity, task significance, autonomy, and feedback.

Task Identity

Refers to the degree to which a job requires completion of a whole and identifiable piece of work, making it possible to see the outcome of one's efforts.

Teamwork

The collective endeavor of a team to accomplish a shared objective or finish a task in the most optimal and productive manner.

Hygiene Factor

A term in Herzberg's motivation theory, referring to extrinsic conditions that prevent dissatisfaction but do not necessarily motivate employees.