The Source of Gains from Trade Is

question 35

Multiple Choice

The source of gains from trade is

• A)tariffs
• B)self-sufficiency
• C)autarky equilibrium
• D)absolute advantage
• E)comparative advantage

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Definitions:

Job Rotation

A workforce management practice where employees are moved between different jobs to promote skills diversity and reduce monotony.

Job Enlargement

The process of increasing the range of job duties and responsibilities to make a position more challenging and comprehensive.

Employee Empowerment

The practice of giving employees autonomy, authority, and responsibility to make decisions regarding their work.

Team Effectiveness

The degree to which a team is able to achieve its goals and objectives, often influenced by factors such as communication, leadership, and group cohesion.