To Reap the Gains That Arise from Specialization, Countries _____

question 62

Multiple Choice

To reap the gains that arise from specialization, countries _____

• A) engage in international trade.
• B) should protect domestic industries.
• C) should set up international trade barriers.
• D) are subject to economies of scale.
• E) must agree on how much of one good exchanges for another.

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Definitions:

Forced-distribution Method

A performance appraisal system where employees are ranked in groups and predetermined percentages of employees are placed in various performance categories.

Simple Ranking Method

The simple ranking method involves having the manager rank-order each member of a particular work group or department from top to bottom or from best to worst.

Performance Appraisal

A structured assessment process where an employee's effectiveness and achievements are reviewed and communicated by supervisors.

Central Tendency Error

A bias in performance appraisal where evaluators unfairly rate most employees around the average or middle of the scale.