It's Not Likely That a Country Will Specialize Completely in One

question 137

Multiple Choice

It's not likely that a country will specialize completely in one good even if it has a lower opportunity cost because

• A)Comparative advantage is not a workable concept in the world economy.
• B)Opportunity costs increase as more of a good is produced.
• C)The country would want to save some of the good for its own citizens.
• D)The country would end up inside its production possibilities curve.

---

Definitions:

Senior Leaders

High-ranking officials within an organization who are responsible for strategic decision-making and overall management.

Envisioning

The act of imagining or projecting a future state or goal in a detailed and vivid manner.

Energizing

To infuse with energy or vitality, invigorating and stimulating motivation or action.

Enabling

Providing the means or opportunity for someone to achieve something or to facilitate a process.