Explain What Determines the Products for Which a Country Has

question 21

Essay

Explain what determines the products for which a country has a comparative advantage.

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Definitions:

Performance Appraisal Systems

Formal systems used within organizations to evaluate employee performance, providing feedback, documenting accomplishments, and identifying areas for improvement.

Performance Standards

Established criteria or benchmarks used to measure and evaluate the quality and effectiveness of work performance.

Competency Matrix

A list of the level of each competency required for each of a number of jobs.

Behaviourally Anchored Rating Scales

A performance appraisal method using specific behavioral examples as benchmarks to rate employee performance.