Eli Heckscher and Bertil Ohlin are associated with the theory of comparative advantage that stresses differences in
a. income levels among countries.
b. tastes and preferences among countries.
c. resource endowments among countries.
d. labor productivities among countries.
c. resource endowments among countries.
You might also like to view...
Selected information from a company's balance sheet follows: Long-term debt $ 140 Retained earnings 130 Current assets 275 Property, plant, and equipment 160 Common stock 530 Current liabilities 75 Working capital is
A) $250 B) $230 C) $220 D) $200
Which of the following contingencies is usually accrued?
A) risk of loss from fire B) expected proceeds from insurance settlement C) bad debts D) discovery of possible mineral reserves on company property
The Federal Trade Commission enforces laws that prevent unfair competition in business
Indicate whether the statement is true or false
Match the following forms of worker participation programs to their descriptions:
1. Self directed work teams 2. Job enlargement 3. Quality of work life programs 4. Quality circles 5. Gainsharing 6. Profit-sharing 7. Job enrichment a. An attempt at increasing employee involvement in the workplace by giving employees more tasks with greater levels of responsibility. b. A forum for workers to make suggestions about how to improve productivity and quality through regular group meetings with supervisors. c. Programs focused on improving the work environment, such as ventilation and the nature of employee-supervisor relations but do not change how work is organized and completed. d. An autonomous group of employees that is responsible for a set of job tasks as well as routine maintenance tasks. Workers are empowered to make some decisions. e. Programs that try to increase employee participation by promising employees a portion of the earnings they make in a given period of time (e.g., a year). f. Programs that try to increase employee participation by promising employees that they will receive a "cut" of the savings they are able to achieve in a given time period (e.g., a year). g. An attempt at increasing employee involvement in the workplace by giving employees more tasks (i.e., variety) of the same level of responsibility.