According to the Theory of Comparative Advantage, Trade Between Two

question 28

Multiple Choice

According to the theory of comparative advantage, trade between two countries:

• A) guarantees that consumption levels will be equal in the two countries
• B) will benefit all the industries in each of the countries
• C) allows each of the trading countries to use its resources most efficiently
• D) maximises the amount of inputs that are used in the production of all products

---

Definitions:

Ethical Behavior

Conduct that is consistent with principles of moral and ethical standards.

Organizational Environments

The set of external and internal conditions that affect the operations, decisions, and strategies of an organization.

Personnel Files

Documents and records kept by an employer that contain employment history, performance evaluations, and other relevant information about an employee.

Principled Level

A standard or level of behavior based on adhering to explicit principles, values, or ethics.