Suppose That Country 1 Is Capital Abundant Relative to

question 97

Multiple Choice

Suppose that country 1 is capital abundant relative to
Country 2.Both produce two goods (X and Y) .Factor­
Intensity reversal occurs whenever:

• A)X is capital intensive in country 1 and labor intensive in country 2.
• B)X is capital intensive in both countries.
• C)Y is capital intensive in both countries.
• D)X is capital intensive in country 1, and Y is labor intensive in country 2.

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Definitions:

Role Expectations

The beliefs about the behaviors and actions expected from a person occupying a particular role.

Role Conflicts

Situations where there are contradictory expectations related to a single role or between multiple roles held by an individual.

Insiders Versus Outsiders

A distinction made between those who are part of a specific group, organization, or community (insiders) and those who are not (outsiders).

Contingency Theories

These are management theories suggesting that the best leadership or management style depends on the circumstances, implying there's no one best way to lead or manage.