Specialization in Trade Will Be Economically Efficient If It Is

question 274

Multiple Choice

Specialization in trade will be economically efficient if it is based upon

• A) national security needs.
• B) absolute advantage.
• C) comparative advantage.
• D) government regulations.

---

Definitions:

Merit Pay

Merit pay is a compensation approach that rewards employees based on their performance as assessed through evaluations, aiming to encourage higher levels of output.

Developmental Reasons

Underlying causes or motives related to growth, progress, or change in an individual or organization.

Performance Appraisals

The evaluation process through which employee performance is assessed, typically on an annual or semi-annual basis.

Reliable

The quality of being consistently good in performance, accuracy, or durability, often used to describe products, services, or sources of information.