Consider the Following Information About the Production of Two Goods,X

question 13

Multiple Choice

Consider the following information about the production of two goods,X and Y,in two countries,A and B: • In Country A it takes X_a units of resources to produce one unit of X and Y_a units of resources
To produce one unit of Y.
• In Country B it takes X_b units of resources to produce one unit of X and Y_b units of resources
To produce one unit of Y.
• Assume the amount of resources used to produce the goods in the two countries can be
Compared unambiguously.
TABLE 32-1
Refer to Table 32-1.If is less than ,we can conclude with certainty that

• A)the opportunity cost of producing good X in Country A is less than in Country B.
• B)Country A has a comparative advantage in the production of good X.
• C)Country A has an absolute advantage in the production of good X.
• D)the price of good X in Country A is less than the price in Country B.
• E)the opportunity cost of producing good X in Country A is higher than in Country B.

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Definitions:

Capacity to Influence

The power or ability of an individual or group to sway or affect the decisions, behaviors, and opinions of others within an organizational or social context.

Social Intelligence

The ability to understand and navigate complex social environments and relationships, involving awareness of social dynamics and sensitivity to social cues.

Leadership

The process of providing general direction, from a position of influence, to individuals or groups toward the successful attainment of goals.

Organizational Politics

The application of influence and social connections in an organization to bring about changes for the advantage of either the individual or the organization as a whole.