Assume That Only Two Countries, a and B, Exist

question 38

Multiple Choice

Assume that only two countries, A and B, exist.

-Refer to the table above. You are told that Country B is very much larger than country A. The correct answer is

• A) country B will export good S.
• B) country A will export good S.
• C) both countries will export good S.
• D) trade will not occur between these two countries.
• E) both countries will import good S.

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Definitions:

At-Will Doctrine

Essentially means an employee hired for an indefinite period may be discharged for any or no reason, cause or no cause, unless specifically prohibited by law.

HR Policy

Guidelines and rules set by a company to manage its workforce and to regulate aspects such as recruitment, compensation, and employee relations.

Just Cause Contract

An employment agreement which specifies that an employee can only be terminated for specified, justifiable reasons.

Essential Duties

Fundamental tasks and responsibilities that are critical for the successful performance of a job.