When Nations Specialize in Their Areas of Comparative Advantage and Then

question 183

Multiple Choice

When nations specialize in their areas of comparative advantage and then trade with the rest of the world, the result is that

• A) the average standard of living in the world will go down.
• B) the average standard of living in the world will go up.
• C) the world will move from a point on the production possibilities curve to a point inside the curve.
• D) worldwide economic efficiency will decrease.

Understand the concept of diversity within organizations.

Grasp the importance of adopting a long-term perspective for organizational success.

Develop awareness of one's own cultural background and its influence on communication.

Enhance cultural competency through tolerance, flexibility, respect, and bias awareness.

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Definitions:

Orbicular

Shaped like a circle or orbit; referring to muscles that encircle openings in the body, such as the orbicularis oris muscle around the mouth.

Antagonist

Muscle that works in opposition to another muscle.

Opposition

Movement of the thumb and little finger toward each other; movement of the thumb toward any of the fingers.

Greatest Force

The maximum strength or impact of a physical action or phenomenon.