David Ricardo's Theory of Comparative Advantage Explains

question 32

Multiple Choice

David Ricardo's theory of comparative advantage explains:

• A) domestic trade in terms of international differences in political environments.
• B) international trade in terms of international differences in political environments.
• C) domestic trade in terms of international differences in labor productivity.
• D) international trade in terms of international differences in labor productivity.

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Definitions:

Job-relevant Skills

Abilities or expertise that are directly applicable and essential for performing specific tasks or duties within a job role.

Organisational Behaviour Modification

The systematic use of principles of behavior analysis to change and improve individuals' actions within an organizational setting.

Pleasant Consequence

A positive outcome or reward that follows a behavior, encouraging the repetition of that behavior.

Extinction

Discourages a behaviour by making the removal of a desirable consequence contingent on its occurrence.