Consider a Hypothetical Economy in Which Only

question 85

Multiple Choice

Consider a hypothetical economy in which only
Computers and shoes are produced and in which
Computer production is capital intensive as compared
With shoe production.If two resources are being used,
Labor and capital, then the capital­labor ratio would be:

• A)higher in the shoe industry.
• B)lower in the computer industry.
• C)the same in both industries.
• D)higher in the computer industry.

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Definitions:

Strategic Vision

A clear and aspirational view of the future state that an organization or individual aims to achieve.

Transformational Leadership

A style of leadership where a leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Empowered Followers

Followers who are given authority, resources, and confidence by their leaders to make decisions and take actions.

Charismatic Leaders

Are leaders who inspire and motivate followers through their innate charm, persuasion, and the articulation of a compelling vision.