If Country a Has a Comparative Advantage in the Production

question 121

Multiple Choice

If Country A has a comparative advantage in the production of oil relative to Country B,then

• A)Country A also has an absolute advantage in producing oil.
• B)Country A also has an absolute advantage in producing some good other than oil.
• C)the opportunity cost of producing oil is higher in Country A than in Country B.
• D)the opportunity cost of producing oil is lower in Country A than in Country B.
• E)Country A when compared to Country B must have an absolute advantage in producing some good other than oil.

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Definitions:

Performance Appraisal

The evaluation process by which an employee's job performance is assessed and documented by a manager or supervisor.

Calibration Meeting

Meeting at which managers discuss employee performance ratings and provide evidence supporting their ratings with the goal of eliminating the influence of rating errors.

Appraisal System

A formal process of evaluating an employee's job performance and productivity.

Data Analytics

The process of examining datasets to draw conclusions about the information they contain, often involving various data analysis methods and tools.