A Nation Can Develop a _______ If It Can Supply

question 4

Multiple Choice

A nation can develop a _______ if it can supply its products more efficiently and at a lower price than it can supply other goods,compared with the outputs of other countries.

• A)tariff
• B)quota
• C)trade restriction
• D)comparative advantage

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Definitions:

Diagnosing Needs

The process of identifying and assessing the requirements or gaps that need to be addressed within an organization or system.

Sustaining Change

The process of maintaining and solidifying changes made within an organization over the long term.

Unfreezing Process

is the initial stage in the change management process, where existing beliefs, values, or processes are challenged to prepare an organization or individual for change.

Current Modes

Refers to the present methods, trends, or practices in a particular area or industry.