Scenario: Consider Two Economies, Beta and Zeta

question 131

Multiple Choice

Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples or 500 pounds of oranges in a year. Each farmer in Zeta can grow 400 pounds of apples or 1,200 pounds of oranges in a year.
-Refer to the scenario above.The opportunity cost of producing 1 pound of apples in Beta is ________.

• A) 0.5 pounds of oranges
• B) 2 pounds of oranges
• C) 10 pounds of oranges
• D) 15 pounds of oranges

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Definitions:

Skill Variety

The degree to which a job involves a range of different activities requiring the use of various skills and talents.

Job Characteristics Model

A theory that proposes five core job dimensions, leading to high job satisfaction, motivation, and performance.

Visible Outcome

A result or effect that is easily seen, noticed, or observed.

Herzberg's Model

A theory of motivation that divides factors into motivators, which can increase job satisfaction, and hygiene factors, which can prevent dissatisfaction.