If the Internal Px/Py Is Lower in Nation 1 Than

question 4

Multiple Choice

If the internal Px/Py is lower in nation 1 than in nation 2 without trade:

• A)nation 1 has a comparative advantage in commodity Y
• B)nation 2 has a comparative advantage in commodity X
• C)nation 2 has a comparative advantage in commodity Y
• D)none of the above

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Definitions:

Employment At Will

A legal doctrine in some jurisdictions that allows an employer to terminate employees at any time for any reason, except an illegal one, or for no reason without incurring legal liability.

Due-Process Policy

Regulations that guarantee company procedures will be conducted fairly, especially concerning disciplinary actions against employees.

Internal Recruitment Sources

These are the channels within an organization used to fill job vacancies from the existing workforce.

Political Considerations

Factors involving governmental policies, regulations, and decisions that impact organizational operations and strategies.