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Table 9-12
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts. Each country has a total of 40 available labor hours for the production of swords and belts. Table 9-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-12. With trade, what is the total gain in sword production?
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To assign responsibility or authority from one person to another, often from a superior to a subordinate.
Routine Tasks
Predictable and repetitive activities that are essential to daily operations but require minimal decision-making.
Discretion
The quality of behaving or speaking in such a way as to avoid causing offense or revealing private information; the ability to make responsible decisions.
Participative Leadership
A leadership style that involves seeking input and involving team members in decision-making processes.
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