The Following Question Are Based on the Following Diagrams

question 5

Multiple Choice

The following question are based on the following diagrams:

-From the diagrams,it can be seen that

• A) country A has a comparative advantage in both commodities.
• B) country B has an absolute advantage in both commodities.
• C) country B has a comparative advantage in chemicals.
• D) it is more costly in terms of resources to produce steel in country A.
• E) the slopes of the two curves indicate both countries will specialize in chemicals.

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Definitions:

Leadership Style

The characteristic way in which a leader communicates with and motivates others to achieve goals.

Product Quality

The degree to which a product or service meets the customer requirements and expectations, often assessed in terms of durability, reliability, and performance.

Team Expertise

The collective skills, knowledge, and experience possessed by a group working together towards a common goal.

Vroom-Jago Leadership Model

A leadership model that emphasizes on decision making and identifies how different leadership styles can be best matched to decision-making situations.