Which of the Following Countries Exemplifies the Concept of Opportunity

question 159

Multiple Choice

Which of the following countries exemplifies the concept of opportunity cost?

• A) An African country that produces electronic goods on a large scale without compromising on any other produce
• B) A South American country that expands its trade relations to neighboring countries
• C) A European country that produces more cotton than a North American country despite having equal resources
• D) An Asian country that increases its production of sugar by decreasing its production of cocoa

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Definitions:

Procedural Injustice

The perception that the processes involved in decision making, resource allocation, or dispute resolution are unfair.

Counterproductive Work Behaviors

Actions by employees that harm or are intended to harm an organization or its members, such as theft, sabotage, or workplace incivility.

Inputs

Inputs refer to the resources, information, or efforts that are used or required to achieve a task, process, or project.

Equity Theory

A concept in social psychology that posits individuals determine the fairness of their job benefits and rewards by comparing themselves to others in similar situations.