In a World with Two Products, Wheat (W)and Coffee (C)

question 50

Multiple Choice

In a world with two products, wheat (W) and coffee (C) , nation Alpha produces wheat and nation Beta produces coffee. Nation Alpha prefers an exchange rate of 1W = 2C, and nation Beta prefers an exchange rate of 1W = 1C. The exchange rate preferred by nation

• A)Alpha will prevail if world demand for coffee is great relative to its supply.
• B)Alpha will prevail if world demand for wheat is weak relative to its supply.
• C)Beta will prevail if world demand for coffee is great relative to its supply.
• D)Beta will prevail if world demand for wheat is great relative to its supply.

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Definitions:

Non-Substitutability

The characteristic of being unique or irreplaceable, often in the context of resources or roles within an organization.

Work Performed

The tasks, duties, and objectives completed or to be completed by an employee or a team in a given period.

Structural Holes

Situations in social networks where there is an absence of ties between two parts of a network, creating opportunities for information brokerage.

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The favorable results or benefits derived from actions or activities.