The Slope of a Linear Production Possibilities Curve with Trade

question 56

Multiple Choice

The slope of a linear production possibilities curve with trade is given by the

• A)opportunity costs of the product in each country.
• B)relative price-the number of units of good A that can be obtained for one unit of good B.
• C)ratio of productivity of workers in two countries.
• D)ratio of the elasticities of the product demand curves.
• E)rise over run of a country's average total cost curve.

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Definitions:

Product Departmentation

Product Departmentation is an organizational structure method where a company is divided into departments based on the products or product lines they manage or produce.

Organization Size

The scale or extent of an organization, typically measured by the number of employees, revenue, or operational scope.

Matrix Departmentation

Employees remain members of a functional department while also reporting to a product or project manager.

Functional Department

A specialized unit within an organization focusing on a specific function or area, like marketing or finance.