It's Not Likely That a Country Will Specialize Completely in One

question 103

Multiple Choice

It's not likely that a country will specialize completely in one good even if it has a lower opportunity cost because

• A)Comparative advantage is not a workable concept in the world economy.
• B)Opportunity costs increase as more of a good is produced.
• C)The country would want to save some of the good for its own citizens.

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Definitions:

Leadership Success

The achievement of desired outcomes and objectives through effective leadership practices and the positive influence on followers.

Character of Leader

The combination of traits and qualities defining the moral and ethical stance of a leader.

Practical Judgment

The ability to make sensible decisions based on practical considerations and real-life situations.

Leadership Success

The achievement of desired outcomes and objectives through effective leading, guiding, and influencing of others, marked by the ability to inspire, motivate, and facilitate collaboration among team members.