Which of the Following Is True of the Theoretically Ideal

question 102

Multiple Choice

Which of the following is true of the theoretically ideal free trade area?

• A) Factors of production are allowed to move freely between member nations.
• B) Member countries are not allowed to determine their own trade policies with regard to nonmembers.
• C) No discriminatory tariffs, quotas, subsidies, or administrative impediments are allowed to distort trade between members.
• D) Member nations are required to have a common currency.
• E) Member nations are required to have a common monetary and fiscal policy.

---

Definitions:

Argyris's Theory

A theory proposed by Chris Argyris that explores how organizational structures can influence individuals' behavior and development, emphasizing the importance of creating an environment where employees can easily express and apply their capabilities.

Principle of Specialization

The organizational principle suggesting that dividing tasks and responsibilities among individuals or groups boosts efficiency and expertise by allowing them to focus on specific facets of their work.

Theory Y

A management concept that assumes employees are self-motivated, seek responsibility, and are creative problem solvers.

Job Autonomy

The extent to which a role allows a worker the autonomy to plan their tasks and decide on the methods to accomplish them.