If a Nation Has an Absolute Advantage in Producing a Good,then

question 28

Multiple Choice

If a nation has an absolute advantage in producing a good,then it

• A) will have a comparative advantage in producing that good.
• B) will have no need to trade with other nations.
• C) will always specialize in that good.
• D) might or might not have a comparative advantage in producing that good.
• E) will not have a comparative advantage in producing that good.

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Definitions:

Organizational Productivity

The efficiency and effectiveness with which an organization converts inputs into outputs, reflecting its ability to achieve goals.

Embeddedness

The extent to which an individual or entity is deeply ingrained or firmly positioned within a certain context or environment.

HR Program

A structured plan or set of initiatives designed by the human resources department to manage and develop an organization's workforce.

Union Officials

Individuals elected or appointed to represent and protect the interests of workers, typically involved in labor negotiations, grievances, and union activities.