Consider the Following Statement: "With Unemployment at Its Highest Level

question 19

Multiple Choice

Consider the following statement: "With unemployment at its highest level in years, Canada needs to protect domestic jobs by promoting a "Buy Canadian" policy." This statement is _ because _ .

• A)incorrect; it will work against Canada's pattern of absolute advantage
• B)correct; it recognizes that such a policy can sustain high levels of domestic employment
• C)incorrect; it confuses the real and nominal gains from trade
• D)correct; a "Buy Canadian" policy will take advantage of Canada's comparative advantage
• E)incorrect; it fails to recognize that imports of foreign goods also help to encourage the export of domestic goods

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Definitions:

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance and overall well-being.

Hygiene Factors

Elements related to job conditions that can lead to dissatisfaction if absent, but do not necessarily motivate employees when present, as per Herzberg's Two-Factor Theory.

Job Dissatisfaction

The feeling of unhappiness or discontent with one's job, stemming from various factors such as working conditions, pay, or lack of fulfillment.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.