When a Country Loses Its Comparative Advantage at Producing a Good

question 67

Multiple Choice

When a country loses its comparative advantage at producing a good it will:

• A) stop trading and become self-sufficient.
• B) gain a comparative advantage at producing another good.
• C) become a loser in trade in the long run.
• D) still have an absolute advantage at producing the good.

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Definitions:

Job Analysis

The process of examining and evaluating the specific elements and requirements of a job, including tasks, duties, and responsibilities.

Job Description

A formal account of an employee's responsibilities, duties, and the requirements for a specific position.

Effective Recruitment And Selection

The process of identifying and hiring the best-qualified candidates from within or outside of an organization in a timely and cost-effective manner.

Job Analysis

Job analysis is the systematic process of collecting and examining information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job.