Country a Would Have an Absolute Advantage Compared to Country

question 213

Multiple Choice

Country A would have an absolute advantage compared to Country B in the production of corn if

• A) corn can be produced at lower cost in terms of other goods than it could be in Country B.
• B) Country A uses fewer resources to produce corn than Country B does.
• C) the demand for corn is higher in Country A than in Country B.
• D) corn sells for a higher price in Country A than in Country B.

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Definitions:

Two-factor Theory

A psychological theory suggesting that there are separate sets of factors that cause job satisfaction and job dissatisfaction; introduced by Frederick Herzberg.

Method Bound

Referencing the limitation of a problem-solving or operational process to a specific methodology or approach.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on the expected outcomes and the attractiveness of those outcomes.

Work Motivation

The set of psychological forces that influence an individual's behavior in a work setting, including their energy, direction, and persistence.