If Country a Has a Higher Opportunity Cost of Producing

question 50

Multiple Choice

If country A has a higher opportunity cost of producing good X than country B,then country:

• A) B should impose a tariff on the exports of product X.
• B) B has a comparative advantage in the production of product X.
• C) A should impose a tariff on the imports of product X.
• D) A has a comparative advantage in the production of product X.

---

Definitions:

HR Forecasting

The process of estimating the future human resource needs of an organization, based on its business goals, projected retirements, turnovers, and market changes.

External Environment

The external environment consists of all the outside factors or influences that affect an organization's decision-making process, performance, and strategy formulation, including political, economic, social, and technological factors.

Delphi Technique

A method used to gather information and reach a consensus among a panel of experts through a series of questionnaires and feedback rounds.

Qualitative

Pertains to data or research that focuses on describing qualities or characteristics through non-numerical information, such as interviews or observations.