If Norwegian Workers Are More Productive Than Albanian Workers,then Trade

question 138

Multiple Choice

If Norwegian workers are more productive than Albanian workers,then trade between Norway and Albania

• A)cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.
• B)will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
• C)cannot take place until Albanian workers become more productive.
• D)can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.

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Definitions:

Auditing

The process of examining and verifying a company's financial records to ensure accuracy and compliance with laws and regulations.

SUMIF Function

A function in spreadsheet software that sums the values in a range that meet specified criteria.

Criteria

The standards or conditions that are used to judge or make a decision about something.

Range

In computing, it often refers to a selection of cells in spreadsheets or a series of values in programming.