The Trade Theory That Says Countries Should Concentrate Production on Those

question 73

Multiple Choice

The trade theory that says countries should concentrate production on those products using their most abundant production factors is the ________.

• A)factor proportions theory
• B)theory of comparative advantage
• C)theory of absolute advantage
• D)theory of nontradable goods

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Definitions:

Organizational Commitment

An employee's psychological attachment to their organization, often resulting in a willingness to remain with the organization and go above minimal requirements.

High Self-monitors

Individuals highly sensitive to the social and interpersonal cues in their environment, thus able to adjust their behaviors accordingly to different situations.

General Dimensions

Broad categories or factors used to describe or analyze a particular domain or phenomenon.

Unsafe Behaviours

Actions or practices that increase the risk of accidents or injuries in the workplace or other environments.