Country a Is an Extremely Efficient Producer of Tin

question 146

Multiple Choice

Country A is an extremely efficient producer of tin.However,its climate and terrain makes it difficult to produce corn.According to the theory of comparative advantage,Country A should:

• A)produce both tin and corn in order to remain self-sufficient.
• B)import the resources needed to produce corn.
• C)concentrate its production on tin and buy corn from an efficient producer.
• D)watch the global market to see which product brings the highest price.

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Definitions:

Goal Statements

Clear, specific articulations of desired outcomes or achievements, often used in personal development and organizational settings.

Cholesterol

A type of fat found in the blood that is vital for the formation of cell membranes, certain hormones, and vitamin D, but high levels can lead to health risks such as heart disease.

Moral Development

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Refers to the behaviors, practices, and norms that are considered morally acceptable and beneficial to the well-being of society.