If a Country's Production Possibilities Equal Its Consumption Possibilities, Then

question 130

Multiple Choice

If a country's production possibilities equal its consumption possibilities, then we can say that:

• A) net exports equal zero.
• B) the country is self-sufficient.
• C) its exports must equal its imports.
• D) the country has an absolute advantage in everything.

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Definitions:

Transformational Leaders

Leaders who inspire and motivate followers to achieve exceptional outcomes by focusing on higher-order intrinsic needs.

Risk Taking

The act of undertaking actions or decisions that involve uncertainty and potential loss, often with the hope of achieving gains or benefits.

Long-Term Development

Long-term development focuses on sustainable growth and advancements in personal, organizational, or societal capacities, spanning over an extended period.

Vision Articulation

The process of clearly expressing a future state or goal that an organization or individual aims to achieve, serving to motivate and guide actions.