The Gains from Trade

question 17

Multiple Choice

The gains from trade

• A)are likely realized in the long run when workers and firms have had the time to adjust to the new competitive environment.
• B)are immediately realized in the short run,when governments drop protectionist policies.
• C)are smaller than the costs of adjustment.
• D)none of the options

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Definitions:

Rewards Provided

The various forms of benefits, compensation, and recognition given to employees in acknowledgment of their work performance and contributions.

Compensation Strategy

outlines how an organization plans to reward its employees, balancing between monetary payments and non-monetary benefits.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Reward Strategy

A plan designed by an organization to motivate employees by recognizing their work through financial and non-financial rewards.