The Land of Narnack Has Very Infertile Soil but a Large

question 41

Multiple Choice

The land of Narnack has very infertile soil but a large supply of oil. What action should Narnack take? Narnack should

• A) specialize in the production of crude oil and trade this for grain and other food products.
• B) grow food anyway because its people will need it for survival.
• C) focus on attracting tourists to its country and thus purchase the needed supplies of food.
• D) specialize in the production of food products such as cereals and bread.
• E) import oil to satisfy the country's need for gasoline.

---

Definitions:

Learning Rate

The speed at which an individual or organization learns and applies new knowledge or skills, affecting the efficiency and effectiveness of performance.

Improvement Rate

A metric used to quantify the rate at which performance, efficiency, or quality improves over time.

Learning Curve

The graphical representation of how an individual’s or organization's performance improves over time with experience and practice.

Craftsmen's Time

The duration or amount of time skilled artisans or workers spend creating or repairing goods.