For Two Individuals Who Engage in the Same Two Productive

question 80

Multiple Choice

For two individuals who engage in the same two productive activities,it is impossible for one of the two individuals to

• A)have a comparative advantage in both activities.
• B)have an absolute advantage in both activities.
• C)be more productive per unit of time in both activities.
• D)gain from trade with each other.

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Definitions:

No-layoff Policies

Company strategies or commitments to avoid terminating employees' jobs, aiming to provide job security during economic downturns or organizational changes.

HR Practices

Strategies, policies, and practices implemented by the Human Resources department to manage and support the workforce effectively.

Consent

The act of agreeing or giving permission for something, often implying a legal or formal acknowledgement of certain conditions or procedures.

PIPEDA

The Personal Information Protection and Electronic Documents Act, a Canadian law that governs how private-sector organizations collect, use, and disclose personal information in the course of commercial business.