According to the Law of Comparative Advantage

question 36

Multiple Choice

According to the law of comparative advantage,

• A) individuals and nations gain when they specialize in producing those goods they consume.
• B) individuals and nations gain when they specialize in producing goods they can produce at a high opportunity cost and can exchange for other desired goods they can produce cheaply.
• C) individuals and nations gain when they specialize in producing those items for which they are the low opportunity cost producers and exchange for other desired goods they can't produce as cheaply.
• D) all of the above are true.

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Definitions:

Headhunting

The process of recruiting highly skilled individuals for specialized positions, often involving proactive searching.

Voluntary Turnover

Occurs when employees choose to leave their jobs of their own accord, rather than being fired or laid off.

External Turnover

The process of employees leaving an organization and being replaced by new hires from outside the organization, often monitored to assess the health of a company's workforce strategies.