In the Absence of International Importing and Exporting

question 54

Multiple Choice

In the absence of international importing and exporting:

• A)a country's consumption possibilities frontier is always below the production possibilities frontier
• B)a country will be able to specialise more in producing goods it is most productive in
• C)a country's production possibilities frontier is also its consumption possibilities frontier
• D)a country will have access to greater product variety

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Definitions:

Positive Attitude

A mindset that focuses on the good and positive aspects of any situation.

Frustrated

A feeling of irritation or annoyance due to obstacles, setbacks, or difficulties preventing one from achieving their goals.

Outcomes

The results or consequences of actions, often used in an educational context to refer to the skills or knowledge gained.

Mindset

An established set of attitudes or beliefs held by someone.