The Country with a Comparative Advantage in Production of a Good

question 33

Multiple Choice

The country with a comparative advantage in production of a good or service is the country with the

• A)absolute advantage in production of that good or service.
• B)absolute advantage in production of some other good or service.
• C)lowest opportunity cost of producing that good or service.
• D)ability to produce the larges quantity of that good or service.

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Definitions:

High Bonuses

Significant extra financial compensation awarded to employees, often tied to performance metrics or achievements.

Organizational Citizenship

The voluntary commitment of employees to go beyond their contractual work requirements for the betterment of the organization.

Emotional Stability

The capacity to maintain equilibrium and manage emotions effectively, especially in stressful situations, reflecting maturity and resilience.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more contradictory beliefs, ideas, or values at the same time.