Which of the Following Is an Element of the Comparative

question 92

Multiple Choice

Which of the following is an element of the comparative advantage principle?

• A) per unit cost advantage
• B) relative efficiency of production
• C) absolute cost of production
• D) negative balance of trade

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Definitions:

Appreciative Inquiry

A management approach that focuses on identifying and building on an organization's strengths and successes to improve performance.

Unfreezing

The initial stage in the process of change, where existing beliefs, values, or behaviors are questioned or deconstructed to facilitate the adoption of new attitudes or practices.

Change Effort

The intentional actions taken to alter an individual's behavior or an organization's structure, culture, or processes.

Appreciative Inquiry

A management approach that focuses on identifying and leveraging an organization's strengths, rather than focusing on its weaknesses.