(Exhibit: Determining Comparative Advantage) Who Has an Absolute Advantage in Baking

question 56

Multiple Choice

(Exhibit: Determining Comparative Advantage) Who has an absolute advantage in baking bread?
$\begin{array}{|l|l|l|}\hline & \text { Opportunity Cost of 1 Bread } & \text { Opportunity Cost of } 1 \text { Cake } \\\hline \text { Eric ( } 4 \text { loaves of bread }=2 \text { cakes }) & 1 / 2 \text { of a cake } & 2 \text { loaves of bread } \\\hline \text { Daisy }(5 \text { loaves of bread }=3 \text { cakes }) & 3 / 5 \text { of a cake } & 12 / 3 \text { loaves of bread } \\\hline\end{array}$

• A) Eric
• B) Daisy
• C) neither Eric nor Daisy
• D) both Eric and Daisy

Distinguish between planned and unplanned change.

Identify the implications of bottom-up change within an organization.

Understand the conditions that make technological change advantageous.

Differentiate external forces for change in contemporary organizations.

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Definitions:

Effective

Producing the intended or desired result.

Explanatory Style

An individual's habitual way of explaining events, which can impact their outlook and mental health.

Expressive Style

The characteristic ways in which an individual communicates their emotions and feelings through verbal and non-verbal methods.

Events

Occurrences or actions that happen, especially ones of importance, which can be observed in the physical world or within a narrative context.