A Country's Newest Ruler Has Decided the Country Will Become

question 59

Multiple Choice

A country's newest ruler has decided the country will become self-sufficient and ceases trade with the rest of the world.The likely outcome of this action will be that the country's citizens will be:

• A) forced to consume less than before if they possessed a comparative advantage in the production of a good.
• B) better off than before if they possess an absolute advantage in the production of a good.
• C) better off than before only if they have the absolute advantage in the production of most goods they consume.
• D) better off than before only if they have the comparative advantage in all goods

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Definitions:

Performance Rating Scale

A tool used by organizations to assess and quantify an employee’s performance over a defined period, often through a numerical or qualitative rating system.

Company Spirit

The collective attitude, ethos, and cultural values shared among employees within a company.

Rater Errors

Biases or inaccuracies that can occur in the evaluation of someone's performance, often due to subjective judgments made by the evaluator.

Provocative Issues

Topics or subjects that evoke strong reactions or emotions, often due to controversy or challenging existing opinions.