Table 3-6 -Refer to Table 3-6. If England and Spain Trade Based

question 71

Multiple Choice

Table 3-6

-Refer to Table 3-6. If England and Spain trade based on the principle of comparative advantage, which of the following is correct?

• A)England will export bread and Spain will export cheese.
• B)England will export bread and Spain will export bread.
• C)England will export cheese and Spain will export cheese.
• D)England will export cheese and Spain will export bread.

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Definitions:

Secondary Boycott

An organized protest against a company's dealings with another company that is the direct target of a labor dispute.

Picket Lines

A boundary established by workers on strike, especially outside their place of employment, to protest labor conditions or policies.

Mandatory Issue

A topic or item that must be addressed or complied with due to legal, regulatory, or policy requirements within an organizational context.

Collective Bargaining

The process of negotiating terms of employment between an employer and a group of employees (usually represented by a union) to reach agreements that regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.