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Question
A nation having absolute disadvantages in the production of two goods with respect to another nation has ___________ in the production of the good in which its absolute disadvantage is less.
A. a comparative advantage
B. an absolute advantage
C. a mercantilist advantage
D. none of the above
E. two of A, B, and C
Answer
This answer is hidden. It contains 27 characters.
Related questions
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B. is usually appropriate in situations where there is the potential for differentiating a product for a particular customer.
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When a new plant can be built that is a duplicate of others already functioning:
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Whether the functional currency is local or the parent company's currency, owner's equity is always translated at:
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What challenges often confront the spouses of expatriates, and what options are available for managing these challenges?
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A. will never get to the top because they take time-out for children.
B. are more likely than men to succeed if they quit the company and start their own businesses.
C. have been remarkably successful in international assignments, which does not seem to be related to gender.
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With regard to the use of women versus men for expat management assignments:
A. few qualified women candidates are available.
B. few women candidates are accepting assignments and enjoying the experience.
C. those women who go into expatriate positions tend to do well. The hurdle is in getting the assignment.
D. the women expatriates are making more money than their male counterparts.
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Generalizations about TCNs are difficult because:
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B. the geocentric staffing policy prohibits these generalizations.
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A. involves human resource policies that are created at the local level for the specific context in which the local operations operate.
B. may send TCNs to fill management posts, to avoid problems from using PCNs or HCNs.
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As international companies increasingly take the geocentric view, we can be certain to see less use of third-country nationals.