In a Two-Good, Two Country World, If One Country Has

question 156

True/False

In a two-good, two country world, if one country has an absolute advantage in the production of both goods, it must also have a comparative advantage in the production of both goods.

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Definitions:

Bargaining Unit

A designated group of employees represented by a union or labor organization for purposes of collective bargaining.

NLRB

The National Labor Relations Board, a US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Union Elections

A process by which workers vote to decide whether or not they wish to be represented by a labor union.

NLRB

The National Labor Relations Board, an agency created to enforce U.S. labor laws in relation to collective bargaining and unfair labor practices.