If Country a Produces S at a Lower Relative Price

question 32

True/False

If country A produces S at a lower relative price than country B,A is said to have a comparative advantage in S.

---

Definitions:

Organization

An entity composed of people and resources structured in a way to achieve specific goals, often through coordinated activities and processes.

Employee Surplus

A situation in which a company has more employees than needed, often leading to layoffs, reassignments, or other workforce adjustments.

Hiring Freeze

A temporary halt in the recruitment process, typically implemented to reduce costs or reassess staffing needs within an organization.

HRIS

Human Resource Information System, a software or online solution for managing an organization's human resources data and processes.