Assume That Home Is Relatively Abundant in Labor and

question 34

Multiple Choice

Assume that Home is relatively abundant in labor and
Relatively scarce in land.The Heckscher­Ohlin model
Predicts that trade with other countries will cause increased
Returns to:

• A)Home's labor.
• B)Home's land.
• C)neither both Home's labor nor land.
• D)both Home's labor and land.

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Definitions:

Planning Responsibilities

Tasks and duties associated with the process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Managerial Delegation

The process by which managers assign tasks and authority to subordinates.

Job Scope

Refers to the range of responsibilities and tasks that a job entails, including the limits of the job holder’s authority.

Variety of Tasks

A range of different duties or activities that a person performs or is responsible for.