A Country Will Only Trade If

question 47

Multiple Choice

A country will only trade if:

• A) It has an absolute advantage.
• B) The terms of trade are superior to domestic opportunities.
• C) Its balance of trade is in a surplus position.
• D) Its export ratio is low.

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Definitions:

Organic Organizations

Flexible and adaptive organizational structures that emphasize decentralization, employee empowerment, and the capacity to adjust rapidly to changes.

Future Organization

The conceptualization or design of organizational structures, cultures, and practices for adapting to expected future challenges and opportunities.

Organization Design

The process of structuring and arranging the components of a company or organization to achieve its objectives efficiently and effectively.

Traditional Forms

Conventional or long-established methods, practices, or art forms that are passed down through generations.