Complete Specialization by Countries Does Not Occur Because

question 73

Multiple Choice

Complete specialization by countries does not occur because:

• A) countries want to protect domestic producers.
• B) international markets cannot support specialization.
• C) governments of some countries do not support international trade.
• D) some goods, such as services, cannot be cost-effectively traded globally.

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Definitions:

Merit System

An approach to compensation where employee pay increases are based on performance evaluations, aiming to reward talent and hard work.

Gain-Sharing Plans

A performance-based compensation strategy where employees receive additional financial bonuses based on improvements in the company's productivity or achievements.

Bonus Payout

An additional financial compensation awarded to employees, often based on performance or as a part of a special recognition.

Profit-Sharing Plan

A corporate program in which a company shares a portion of its profits with its employees, typically in the form of a bonus or retirement contribution.