Country A's Cost of Widgets Is $4

question 75

Multiple Choice

Country A's cost of widgets is $4.00 and cost of wadgets is $8.00. Country B's cost of widgets is 8 euros and cost of wadgets is 16 euros. Which of the following would you suggest?

• A) Country A should specialize in widgets and Country B in wadgets.
• B) Trade of widgets for wadgets would not benefit the countries.
• C) Country A should specialize in wadgets and Country B in widgets.
• D) Both countries should produce an equal amount of each.

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Definitions:

Unfreezing Process

The initial phase in change management where existing patterns are destabilized to prepare for transformation.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.

Major Obstacles

Significant barriers or challenges that hinder progress or achievement.

Emotional Standstill

A state where an individual feels emotionally stuck or incapable of progressing.