Assume Country a and Country B Each Have the Same

question 8

Multiple Choice

Assume Country A and Country B each have the same amount of resources with which to produce wheat and corn and they produce no other goods.The values in Table 17.2 represent the maximum amount of each good that can be produced.
Table 17.1 - Full-employment output of goods
-Based on the information in Table 17.2,it is clear that:

• A) Country A has a comparative advantage in wheat.
• B) Country B has an absolute advantage in both goods.
• C) Country B has a comparative advantage in both goods.
• D) Country A has an absolute advantage in corn.

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Definitions:

Outsourcing

Contracting with another organization (vendor, third-party provider, or consultant) to provide services.

Recruitment Sources

Various channels through which potential job candidates can be found, including online job boards, recruitment agencies, and social media platforms.

Private Employment Agencies

Businesses that match employers with job seekers for a fee, offering services ranging from temporary to permanent placement.

Blue-Collar

Blue-collar refers to types of employment or workers involved in manual labor or skilled trades, often involving physical work.