The Basic Idea Behind the Human Skills Theory of Comparative

question 35

Multiple Choice

The basic idea behind the human skills theory of comparative advantage is that countries with a relatively abundant stock of highly skilled labor have

• A) high wages and thus suffer a comparative disadvantage.
• B) low wages and thus suffer a comparative disadvantage.
• C) an absolute advantage in producing goods that require relatively large amounts of skilled labor.
• D) a comparative advantage in producing goods that require relatively large amounts of skilled labor.
• E) so much productivity relative to other countries that they have a comparative advantage in everything they produce.

Comprehend the role of task and maintenance functions in effective work group performance.

Understand the significance of team diversity and individual contributions to team efficacy.

Recognize the components and benefits of positive competitive teamwork skills.

Understand the concept and benefits of functional conflict in organizations.

---

Definitions:

Tax Base

The measure or value, such as income or property value, that determines how much tax an individual pays.

Taxation

The process whereby authorities impose financial charges on citizens or corporations to fund government spending and public expenditures.

Progressive

In the context of tax policy, a tax system where the tax rate increases as the taxable amount increases, leading to a more significant tax burden on higher-income individuals.

Federal Government

A system of government where power is divided between a central national government and various regional governments.