When a Nation Has a Comparative Advantage in the Production

question 100

Multiple Choice

When a nation has a comparative advantage in the production of a particular good,

• A) the nation tends to avoid specialisation.
• B) the opportunity cost of producing that good is higher than that of other goods.
• C) the comparative advantage encourages self- sufficiency.
• D) the nation can gain from trade.

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Definitions:

Transformational Leader

A leader who inspires followers to exceed their own self-interests for the good of the organization, creating significant positive changes.

Individualized Consideration

An approach where leaders acknowledge and support each follower's unique needs, personal development, and mentoring.

Achievement and Growth

Refers to the process of achieving personal or professional milestones and experiencing developmental advancements over time.

Individualized Consideration

A leadership approach that emphasizes attention to the needs of followers, personalizing interactions and support based on individual differences.