Scenario: the Price of a Standard Basket of Goods in Country

question 158

Multiple Choice

Scenario: The price of a standard basket of goods in Country A is 10 pesos. The price of the same basket of goods in country B is 25 francs and $5 in the United States. Country A has an income per capita of 60,000 pesos, and country B has an income per capita of 100,000 francs. Assume full employment in both countries.
-Refer to the scenario above.Which of the following statements has to be true if we plot the relationship between income per capita (x-axis) and the Human Development Index (y-axis) ?

• A) Country A lies above and to the right of Country B
• B) Country A lies to the right of Country B
• C) Country A lies below and to the left of Country B
• D) Country A lies above country B

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Definitions:

Strategic Human Resource Planning

The process of aligning an organization's human resource capacity with its strategic objectives to ensure it can meet future challenges and opportunities.

Workforce Downsizing

The reduction of an organization's employees to improve its efficiency and reduce costs, often resulting in layoffs.

Organizational Strategy

The comprehensive plan of action designed by an organization to achieve its overarching goals and create value.

Implementation Justification

The rationale and reasoning provided for proceeding with a particular project or strategy, highlighting the anticipated benefits and outcomes.