An Important Determinant of Comparative Advantage Is

question 109

Multiple Choice

An important determinant of comparative advantage is:

• A)homogeneity of climate and natural resources between countries.
• B)endowment of factors of production.
• C)equal technology levels across nations.
• D)well established governmental regulations on trade.

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Definitions:

Organizational Loyalty

The degree of commitment an employee has towards their organization, often manifesting in hard work and advocacy for the company.

Part-Timers

Individuals who work for a fraction of the customary or standard full-time employment hours.

Contingent Workers

Workers who are not permanent employees of a company and are hired on a temporary or contract basis.

Labor Force

The total number of people available to work, including both the employed and those actively seeking employment.