In an Eight-Hour Day, Andy Can Produce Either 24 Loaves

question 82

Multiple Choice

In an eight-hour day, Andy can produce either 24 loaves of bread or 8 pounds of butter. In an eight-hour day, Bob can produce either 8 loaves of bread or 8 pounds of butter. Andy has a comparative advantage in the production of

• A) bread, while Bob has a comparative advantage in the production of butter.
• B) butter, while Bob has a comparative advantage in the production of bread.
• C) bread and neither has a comparative advantage in the production of butter.
• D) both bread and butter.

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Definitions:

Logical Incrementalism

Logical incrementalism is a strategy in decision-making that involves making small, manageable decisions over time as part of a gradual approach to handling complex problems.

Refreezing

The stage in Lewin's model of change where new behaviors or norms are consolidated into the organization or individual's way of life.

Technological Changes

Developments or advancements in technology that alter the way tasks are performed or how processes are conducted.

Environmental Changes

Alterations in the external surroundings, including natural ecosystems and human-made environments, that can impact living organisms.