In a Two-Good,two Country World,if One Country Has an Absolute

question 213

True/False

In a two-good,two country world,if one country has an absolute advantage in the production of both goods,it can still benefit by trading with the other country.

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Definitions:

Standardized Job-Analysis

A methodical process for determining the tasks, skills, knowledge, and abilities required for a job using consistent procedures.

Position Analysis Questionnaire

A standardized job analysis instrument that evaluates a job's duties and requirements by using a series of structured questions.

Database

A structured collection of data stored in a computer system, allowing for easy access, management, and updating of the data.

Human Resource Information System

A human resource information system is an integrated and increasingly automated system for maintaining a database regarding the employees in an organization.