When a Rich Country That Has Absolute Advantages in All

question 75

Multiple Choice

When a rich country that has absolute advantages in all products begins trading with a poor country:

• A) the wage in the rich country will go down and the wage in the poor country will go up.
• B) the wages in both countries will go up.
• C) the wages in both countries will go down.
• D) the wage in the rich country will go up and the wage in the poor country will go down.

Analyze the potential losses (e.g., KSAOs) due to outsourcing.

Differentiate between minor and major functions or activities for outsourcing.

Identify advantages of specialized service providers in outsourced functions.

Comprehend the scope and impact of outsourcing in contemporary firms.

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Definitions:

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, disability, or age.

Prejudice

An opinion or judgment formed in advance about an individual or object without logical grounds or firsthand experience.

Discrimination

Unfair or prejudiced treatment of individuals based on their characteristics, such as race, age, sex, or sexual orientation.

Stereotyping

The act of assigning a fixed set of characteristics to members of a particular group, often oversimplifying individual differences and promoting generalizations.