By Trying to Be Self-Sufficient and Producing a Wide Range

question 18

Multiple Choice

By trying to be self-sufficient and producing a wide range of goods,_____ policies reduce the wealth of a nation in the long run.

• A) absolute advantage 
• B) laissez faire 
• C) free trade 
• D) mercantilist

---

Definitions:

Compensable Factors

Elements of a job that are used to determine the appropriate compensation for that job, such as skill level, effort, responsibility, and working conditions.

Working Conditions

The environment in which employees operate, including aspects like safety, hours, and physical demands.

Responsibilities

Duties and tasks that an individual or entity is required or expected to carry out or fulfill in a specific role or function.

Competency-Based Pay

A compensation strategy where employees are paid based on their skills, knowledge, and performance levels rather than their job title or position.