Use the Following to Answer Question(s): Production Possibilities in Alphaland

question 11

Multiple Choice

Use the following to answer question(s) : Production Possibilities in Alphaland and Omegaland

-(Exhibit: Production Possibilities in Alphaland and Omegaland) At the points where they are producing (A and A', respectively) , Alphaland has a(n) _______ in producing _______ and Omegaland has a _______ in producing _______.

• A) absolute advantage; computers; comparative advantage; cars
• B) comparative advantage; cars; comparative advantage; computers
• C) comparative advantage; computers; comparative advantage; cars
• D) comparative advantage; computers; absolute advantage; cars

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Definitions:

Organizational Stability

The state of being resilient and maintaining equilibrium in an organization's operations, finances, and workforce.

Substitutes For Leadership

Factors in the work environment that provide guidance and incentives to perform, making the leader’s role almost superfluous.

Work Environment

The physical and psychological conditions under which employees perform their job duties.

Legal Aspects

Pertains to the laws and regulations that impact the operation, structure, and activities of businesses and organizations.