If a Nation Has an Absolute Advantage in the Production

question 208

Multiple Choice

If a nation has an absolute advantage in the production of a good,

• A)it can produce that good at a lower opportunity cost than its trading partner.
• B)it can produce that good using fewer resources than its trading partner.
• C)it will specialize in the production of that good and export it.
• D)all of these.

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Definitions:

Leader Behaviours

The actions and practices displayed by a leader, which influence the motivation, performance, and well-being of their followers.

Leadership Effectiveness

The degree to which a leader successfully influences others towards achieving defined organizational or group goals.

Intelligence

The capacity to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Dominance

Exerting power or influence over others, often associated with leadership or assertiveness in social and organizational contexts.