Changes in Comparative Advantage Over Time from Investment in Physical

question 132

Multiple Choice

Changes in comparative advantage over time from investment in physical and human capital and in technology are called

• A)static comparative advantage.
• B)innovative comparative advantage.
• C)resource-intensive comparative advantage.
• D)dynamic comparative advantage.
• E)differential comparative advantage.

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Definitions:

Consensus

is a group decision-making process where discussions continue until all members agree on a particular solution or decision, highlighting collaboration and collective agreement.

Team Skill

The collective abilities and competencies of a group that contribute to its effectiveness in achieving common goals.

Broad-based Organizational Change

A comprehensive transformation in an organization covering major aspects like culture, systems, processes, and structure, aiming at improving overall performance and adaptability.

Teamwork Role

The specific duties or functions that an individual assumes or is assigned within a team to contribute effectively to the team's goals.