Assume That Maximum Feasible Hourly Productions Levels If All Resources

question 225

Multiple Choice

Assume that maximum feasible hourly productions levels if all resources are utilized in the United States are either 8 yards of fabric or 4 bushels of wheat. Maximum feasible production levels if all resources are utilized in Japan are either 3 yards of fabric or 6 bushels of wheat. Based on this information

• A) beneficial trade is absolutely impossible between the two countries.
• B) the United States will benefit from trading but Japan will not.
• C) both nations will gain from specialization and trade, with the United States exporting wheat and Japan exporting fabric.
• D) both nations will gain from specialization and trade, with the United States exporting fabric and Japan exporting wheat.

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Definitions:

Reactive

Responding to situations or stimuli after they have occurred, rather than anticipating or preventing them.

Reactive

A manner of responding to situations or stimuli after they have occurred, rather than anticipating or preventing potential issues.

Organizational Cultures

The collective norms and customs that define the social and professional environment of a company or institution.

Cultural Values

The core principles and ideals upon which an entire community exists, influencing beliefs, behaviors, and traditions.