A Country Possesses a Comparative Advantage in the Production of a Good

question 90

Multiple Choice

A country possesses a comparative advantage in the production of a good if

• A)it possesses an absolute advantage in the production of this good.
• B)it is able to produce more of this good per hour than any other country.
• C)the opportunity cost in terms of forgone output of alternative goods is lower for this country than it is for its trading partners.
• D)All of the above.

---

Definitions:

Position Analysis Questionnaire

A questionnaire covering 194 different tasks that, by means of a five-point scale, seeks to determine the degree to which different tasks are involved in performing a particular job

Competency-Based Analysis

A method to determine the specific skills, knowledge, and behaviors required for effective performance in a job role.

Accountants

Professionals skilled in maintaining and inspecting financial records, often ensuring compliance with financial laws and regulations.

Critical Incident Method

A way of evaluating the performance of employees by focusing on specific instances of particularly good or poor behavior.