When a Nation Exports a Good or Service in Which

question 205

Multiple Choice

When a nation exports a good or service in which it has a comparative advantage,employment in that industry

• A) decreases.
• B) stays the same.
• C) increases.
• D) might change, but more information about what else the country exports is needed to determine if employment increases, decreases, or does not change.
• E) might change, but more information about what the country imports is needed to determine if employment increases, decreases, or does not change.

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Definitions:

Normative

Normative refers to standards or norms that are used to guide, control, or regulate behavior and beliefs within a society.

Pursuit

The act of following or chasing after something with the goal of catching or achieving it.

Egoism

An ethical theory that treats self-interest as the foundation of morality.

Well-Being

A comprehensive term that encompasses the physical, mental, and emotional health and prosperity of an individual or community.