An Inward-Oriented Strategy Is Designed To

question 24

Multiple Choice

An inward-oriented strategy is designed to:

• A)expand a country's export capacity.
• B)increase production of goods in which the domestic economy has an absolute advantage.
• C)develop the domestic manufacturing sector.
• D)eliminate any trade with foreign nations.
• E)improve productivity in the domestic service sector.

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Definitions:

Job Identity

Refers to the defining characteristics and duties that distinguish one job from another.

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work involved.

Autonomy

The degree of independence and self-direction that an individual or entity has to make decisions and take actions.

Flextime

An arrangement that allows employees to choose their working hours within agreed limits, promoting work-life balance.