Consider a Country That Is Initially Autarkic and Then Engages

question 30

Multiple Choice

Consider a country that is initially autarkic and then engages freely in international trade.If a country has a comparative advantage in the production of soybeans,it will most probably

• A)increase the production of soybeans for domestic consumption.
• B)derive no advantage from any trade in soybeans.
• C)increase the production of soybeans to allow for the export of soybeans.
• D)import soybeans
• E)decrease the production of soybeans for domestic consumption.

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Definitions:

Ligamentum Nuchae

A fibrous membrane that provides support to the head by connecting cervical vertebrae to the skull.

Erect

A posture or position that is upright and vertical, or the state of being physically rigid due to the engorgement of blood vessels.

Maxilla

A pair of bones forming the upper jaw, central portion of the facial skeleton, and part of the roof of the mouth, holding the upper teeth.

Cranium

The skull, especially the part enclosing the brain.