If It Takes One Country One Unit of Labor to Produce

question 43

Multiple Choice

If it takes one country one unit of labor to produce either a computer or a TV but it takes the other country three units of labor to produce a computer and four to produce a TV, then the first country has

• A)a comparative advantage in both goods.
• B)an absolute advantage in TVs but a comparative advantage in computers.
• C)an absolute advantage in TVs and computers but a comparative advantage in computers only.
• D)an absolute advantage in TVs and computers but a comparative advantage in TVs only.

Distinguish the context in which specific reward systems should be applied based on organizational goals, employee influence, and budget constraints.

Understand the evolution and strategic role of training and development professionals.

Recognize the importance of cognitive ability and trainee characteristics in effective training programs.

Identify the key components and the importance of organizational learning.

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Definitions:

Volume Variance

An assessment of the impact of production or sales volume differences on a company's revenue or expenses, relative to budgeted amounts.