If Norwegian Workers Are More Productive Than Albanian Workers,then Trade

question 138

Multiple Choice

If Norwegian workers are more productive than Albanian workers,then trade between Norway and Albania

• A)cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.
• B)will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
• C)cannot take place until Albanian workers become more productive.
• D)can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.

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Definitions:

Bargaining Book

A document or set of documents used by negotiators during union-management negotiations that contains facts, figures, and proposals for discussion.

Negotiation Record

A detailed account of negotiation proceedings, including the proposals, discussions, and agreements made between parties.

Public Sector

The portion of the economy composed of government services and enterprises, including employees who work for government entities.

Essential Services

Services considered necessary for the safety, health, and welfare of the public, which may be exempt from labor strikes.