Two Countries with Differing Comparative Advantages May Engage in Trade

question 18

Multiple Choice

Two countries with differing comparative advantages may engage in trade because

• A)They will be able to consume more goods in total due to specialization and trade.
• B)They will achieve an absolute advantage with one another.
• C)They will be able to produce and consume goods on their production possibilities curves.
• D)They are required to because they are part of the World Trade Organization.

Evaluate stress management plans and propose improvements.

Discuss the relationship between stress, stressors, and individual differences in stress response.

Understand the principles underlying effective training scenarios and the impact of stimulus variability.

Identify factors that contribute to or hinder the transfer of training, including trainee characteristics and organizational support.

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Definitions:

Seniority System

An organizational practice where decisions on promotions, layoffs, and other employment actions are made based on the length of an employees’ service.

Merit System

A system used in hiring and promoting individuals based on their abilities and qualifications, rather than on nepotism or patronage.

Saudi Arabia

A country located on the Arabian Peninsula, known for its vast deserts, petroleum reserves, and as the birthplace of Islam.

Workforce

The collective group of individuals engaged in or available for work, either in a specific region or in a particular industry or company.