If a Country Possesses the Absolute Advantage in the Production

question 32

Multiple Choice

If a country possesses the absolute advantage in the production of one good:

• A) then it must also possess the absolute advantage in the production of the other good.
• B) then it must also possess the comparative advantage in the production of both goods.
• C) then it must also possess the comparative advantage in the production of the other good.
• D) it can produce more of that good given the same resources.

---

Definitions:

Peers

Individuals of the same age, status, or ability, often considered as equals or colleagues in a particular group.

Counterproductive Behaviours

Actions by employees that are contrary to an organization's goals, including sabotage, theft, or spreading rumors.

Appraisal Method

An appraisal method is a systematic approach used by organizations to evaluate employee performance and productivity.

Management By Objectives

A strategic management model where employees and managers collaborate to identify and achieve well-defined objectives.