Which Theory Suggests That a Country Should Produce and Export

question 22

Multiple Choice

Which theory suggests that a country should produce and export those goods and services for which it is relatively more productive than other countries and import those goods and services for which other countries are relatively more productive?

• A) relative advantage
• B) comparative advantage
• C) absolute advantage
• D) specialization of countries

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Definitions:

PJ Fit

Person-job fit; the compatibility between an individual's characteristics and the demands of the job or the culture of the organization.

PO Fit

Person-Organization Fit, referring to the compatibility between an individual's characteristics and the values or culture of an organization, affecting engagement and satisfaction.

PE Fit

Person-Environment Fit refers to the congruence between an individual's characteristics and the demands of the environment or organization they are in.

Psychological Contract

An unwritten agreement that reflects the mutual beliefs, perceptions, and informal obligations between an employer and an employee.