SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE

question 64

Multiple Choice

SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 2­5
(Scenario: Absolute and Comparative Advantage) Which country has an
Absolute advantage in the production of wheat?

• A)Poland
• B)the Czech Republic
• C)Neither country has an absolute advantage.
• D)Both countries have an absolute advantage.

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Definitions:

Transformational Leadership

A style of leadership where leaders encourage, inspire, and motivate employees to innovate and create change that will help grow and shape the future success of the company.

Contingent Reward Behaviour

A leadership behavior that provides rewards for performance that meets or exceeds expectations, typically used to motivate and align employees' goals with organizational objectives.

Follower Satisfaction

The degree to which individuals feel content and positively evaluated their experience under the guidance or leadership of someone else.

Leader Effectiveness

The degree to which a leader successfully influences and guides their followers towards achieving specific goals.