If a Country Has

question 212

Multiple Choice

If a country has

• A)a comparative advantage in the production of a good,it must also have an absolute advantage in producing that good.
• B)an absolute advantage in producing a good,it might or might not have a comparative advantage in producing that good.
• C)an absolute advantage in producing a good,it definitely also has a comparative advantage in producing that good.
• D)an absolute advantage in producing a good,it definitely will not have a comparative advantage in producing that good.
• E)None of the above answers is correct.

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Definitions:

Company Dominated Unions

Unions that are controlled or heavily influenced by employers, often criticized for not genuinely representing the interests of workers.

Great Britain

An island in the North Atlantic Ocean off the northwest coast of continental Europe, comprising England, Scotland, and Wales.

European Union

A politico-economic union of 27 European countries that are located primarily in Europe, aimed at fostering economic cooperation and has its own currency, the Euro, which is used by 19 of the member countries.

Labor Legislation

Laws and regulations designed to protect the rights of workers, regulate employment conditions, and manage labor relations and unions.