The Principle of Comparative Advantage Implies That

question 24

Multiple Choice

The principle of comparative advantage implies that

• A) only wealthy countries ultimately can benefit from international trade.
• B) every country can benefit from international trade.
• C) we should limit the extent to which people specialize.
• D) most people are harmed by trade.

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Definitions:

Frame-of-Reference Training

Training designed to standardize the evaluation criteria and rating scales used by evaluators, typically in the context of performance appraisal.

Structured Interviews

An interview method where all candidates are asked the same predetermined questions in the same order to ensure fairness and consistency.

Morning Bias

A tendency to show more favorable reactions or evaluations in the morning due to biological or psychological factors.

Less Conscientious

relates to individuals who tend to be less careful, diligent, and organized in their personal or professional life.