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:

Department

A specialized functional area within an organization that focuses on specific tasks or responsibilities.

Profit Center Managers

Individuals responsible for overseeing a unit or department within an organization that directly contributes to its profit.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Costs

The amount of money or resources expended in order to obtain something or achieve a goal.