World Output Will Be Maximized If Each Country

question 49

Multiple Choice

World output will be maximized if each country:

• A)attempts to be self-sufficient.
• B)specializes in producing those goods in which it has a comparative advantage.
• C)specializes in producing those goods in which it has an absolute advantage.
• D)reduces its consumption possibilities.
• E)equals their consumption possibilities.

---

Definitions:

Self-determination

A theory emphasizing the role of autonomy, competence, and relatedness in fostering intrinsic motivation and psychological growth.

Empowerment

The process of giving employees autonomy, resources, and capabilities to make decisions and contribute to organizational success.

Confidence

The feeling or belief that one can rely on someone or something; firm trust.

Company's Success

The achievement of key business objectives, often measured by financial performance, market share, or the fulfillment of the organization's mission and vision.