In an Israeli Factory,each Worker Can Produce 2/5 of a Shirt

question 6

Multiple Choice

In an Israeli factory,each worker can produce 2/5 of a shirt in an hour or 1/10 of a pair of pants in an hour.If there are 500 workers in the factory,what is opportunity cost of producing one shirt?

• A)1 pair of pants
• B)4 pairs of pants
• C)1/2 pair of pants
• D)1/4 pair of pants
• E)2 pairs of pants

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Definitions:

Society At Large

A broad term referring to the general public or the greater community beyond specific groups or sectors.

Ethics Code

An ethics code is a set of principles and rules designed to guide the behavior and decision-making of members of an organization or profession.

Human Resource

Refers to the department within an organization that is responsible for hiring, training, compensating, and maintaining policies for the employees.

Archie Carroll

An academic known for his work in corporate social responsibility, including the pyramid model that outlines the responsibilities of businesses.