Consider a Country That Is Initially Autarkic and Then Engages

question 110

Multiple Choice

Consider a country that is initially autarkic and then engages freely in international trade.If this country has a comparative advantage in the production of soybeans,it will most probably

• A)derive no advantage from any trade in soybeans.
• B)decrease the production of soybeans for domestic consumption.
• C)increase the production of soybeans for domestic consumption.
• D)increase the production of soybeans to allow for the export of soybeans.
• E)import soybeans

---

Definitions:

Functional Design

The process of creating products with a focus on practicality and efficiency, ensuring they perform their intended function well.

Organization Design

The process of shaping an organization's structure and roles to align with its business strategies, goals, and environment.

Functional Organization

A type of organizational structure where the company is divided into departments based on functions such as marketing, finance, and operations.

Narrow Product Line

A business strategy focusing on a limited selection of products or services to specialize and cater to a specific segment of the market.