If There Is No Comparative Advantage in the Production of Either

question 70

Multiple Choice

If there is no comparative advantage in the production of either of the two goods produced by countries 1 and 2, then

• A)the benefits resulting from trade between the two countries are increased.
• B)there are no gains from specialization and trade between the two countries.
• C)one country must be more productive in producing all goods than the other.
• D)each country should specialize in the production of a particular good.

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Definitions:

Strategic Human Resource Management

The proactive management of people resources in an organization to achieve long-term business goals.

Core Capabilities

Integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers

Cultural Audit

A thorough examination and evaluation of an organization's cultural attributes and practices.

Environmental Scanning

Systematic monitoring of the major external forces influencing the organization.