Assume That Greece Has a Comparative Advantage in Fish and Germany

question 60

Multiple Choice

Assume that Greece has a comparative advantage in fish and Germany has a comparative advantage in cars. What will happen if these two countries specialize and trade according to their comparative advantage?

• A)All individuals in both countries will benefit.
• B)Greece will specialize in and export cars.
• C)Germany will produce more cars than in the absence of trade.
• D)Germany will produce more fish than in the absence of trade.

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Definitions:

Social Control

Mechanisms, strategies, and structures within a society or group to regulate individual behavior and maintain social order.

Organizational Culture

The set of shared values, beliefs, and norms that influence the way employees think, feel, and behave in an organization.

Organizational Culture

The set of shared values, norms, beliefs, and practices that characterizes an organization, influencing its members' behavior and contributing to the unique social and psychological environment of the organization.

Espoused Values

are the explicitly stated values and standards that an organization or individual claims to uphold, which might differ from values-in-action.