In a Two Good, Two-Country World, a Country Has a Comparative

question 189

Multiple Choice

In a two good, two-country world, a country has a comparative advantage in any good for which it has a:

• A) lower absolute cost than the other country.
• B) lower opportunity cost than the other country.
• C) higher absolute cost than the other country.
• D) higher opportunity cost than the other country.

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Definitions:

Performance Appraisals

The process used by organizations to assess employees' job performance over a specific period, aiming to understand their achievements and areas for improvement.

Cultural

Relating to the beliefs, practices, norms, and values of a group of people.

Organizational Control

The procedures and mechanisms used by a business to regulate its actions and align its behaviors with its objectives.

Ridicule

The act of making someone or something the object of scornful laughter by mocking or deriding them.