________ Is the Ability of an Individual, a Firm, or a Country

question 91

Multiple Choice

________ is the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.

• A)Absolute advantage
• B)Specialisation
• C)Autarky
• D)Comparative advantage

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Definitions:

Repatriation

The process of returning an employee back to their home country after they have completed an international assignment.

Trainability

The ability of an individual to acquire new skills or knowledge through training.

Cross-cultural Adjustment

The process by which individuals adapt to and become familiar with cultures different from their own, typically in the context of international relocation or business.

Stress-management Skills

Stress-management skills are techniques and strategies used to handle stress effectively, promoting mental and physical well-being.