Figure: Wine and Wheat

question 156

Essay

Figure: Wine and Wheat
(Figure: Wine and Wheat) Look at the figure Wine and Wheat.If this economy is producing at point A and it wants to produce at point B, it needs to:
A.trade with another country.
B.increase its resources.
C.decrease production.
D.use its existing resources efficiently.

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Definitions:

Peter Drucker

A prominent Austrian-American management consultant, educator, and author, considered the father of modern management theories.

Basic Functions

The fundamental roles or activities that are necessary for a system, organization, or process to operate effectively.

Innovation

The process of creating new ideas, products, or methods that bring about significant improvements or changes.

Cognitive Dissonance

A psychological discomfort experienced by an individual who holds conflicting beliefs, values, or attitudes simultaneously.