In Moving from a No- Trade to a Free- Trade

question 76

Multiple Choice

In moving from a no- trade to a free- trade situation, a country will

• A)import those goods which are acquired more cheaply through trade than through domestic production.
• B)expect a decrease in the average standard of living, but will see increased profits for firms in the export business.
• C)experience an increase in its average standard of living only if it begins with an absolute advantage in the production of all goods.
• D)be consuming inside its production possibilities boundary.
• E)experience increases in employment in all industries.

Apply the needs analysis process to a workplace scenario to improve service quality and efficiency.

Describe the three steps in the person analysis process.

Understand the importance of conducting a needs analysis before designing training programs and be able to articulate the outcomes of such an analysis to stakeholders.

Identify conditions under which training is the most suitable solution to performance issues.