If Norwegian Workers Are More Productive Than Albanian Workers,then Trade

question 138

Multiple Choice

If Norwegian workers are more productive than Albanian workers,then trade between Norway and Albania

• A)cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.
• B)will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
• C)cannot take place until Albanian workers become more productive.
• D)can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.

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Definitions:

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Customer Satisfaction

The measure of how the goods or services provided by a company meet or surpass the customer expectation.

Employee Stock Ownership Plans

Programs that allow employees to own shares in the company they work for, often aimed at aligning the interests of employees and shareholders.

Stock Options

Financial incentives given to employees, granting them the right to buy the company's stock at a set price in the future, typically aimed at aligning their interests with the company's performance.