A Nation's Producers Can Compete Effectively with Imports from Other

question 90

Multiple Choice

A nation's producers can compete effectively with imports from other nations if:

• A)they have an abundance of unskilled workers.
• B)the relative price of exports to imports is high.
• C)the labor cost per unit of output is low.
• D)they have a high opportunity cost of production.
• E)they have an absolute advantage in the production of all goods.

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Definitions:

Performance Information

Data and metrics related to the effectiveness and efficiency of an employee's or organization's work performance.

Power Relationships

The dynamics of control, influence, and authority among individuals and groups within an organization or society.

Mixed-Standard Scale

An evaluation tool that measures an individual's performance against fixed standards that represent different levels of achievement.

Performance Dimensions

Various criteria or aspects used to assess an individual's work performance, including quality, efficiency, and reliability.