If There Is No Comparative Advantage in the Production of Either

question 109

Multiple Choice

If there is no comparative advantage in the production of either of the two goods produced by countries 1 and 2,then

• A) the benefits resulting from trade between the two countries are increased.
• B) there are no gains from specialization and trade between the two countries.
• C) one country must be more productive in producing all goods than the other.
• D) each country should specialize in the production of a particular good.
• E) none of the above

---

Definitions:

Organizing Begins

The initial step in the management process where the structure of work is determined to achieve corporate goals efficiently.

Union Officials

Elected or appointed leaders within labor unions who represent and advocate for the interests of union members.

Industrial Unions

Industrial unions are labor organizations that represent all workers, regardless of job type, within an entire industry, aiming to negotiate wages, work conditions, and other employment issues.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, setting out the terms and conditions of employment.