The Tiny Nation of Tinian Is Extremely Efficient in the Mining

question 30

Multiple Choice

The tiny nation of Tinian is extremely efficient in the mining of tin. However, its climate and terrain make it difficult to produce corn. According to the theory of comparative advantage, Tinian should

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

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Definitions:

Task Motivation

The drive or desire to complete a specific task, often influenced by factors such as interest, challenge, and the satisfaction of accomplishment.

Self-Reliant People

Individuals who depend mainly on their own resources and capabilities to achieve their goals.

Stressful Situations

Circumstances that cause anxiety, tension, or pressure, often challenging an individual's ability to cope.

Enthusiastic

Showing intense and eager enjoyment, interest, or approval; a person displaying high energy and excitement towards an activity or idea.