If Brazil Has a Comparative Advantage Relative to Cuba in the Production

question 166

Multiple Choice

If Brazil has a comparative advantage relative to Cuba in the production of sugar cane,then

• A)the average cost of production for sugar cane is lower in Brazil than in Cuba.
• B)the implicit costs of production for sugar cane are lower in Brazil than in Cuba.
• C)the opportunity cost of production for sugar cane is lower in Brazil than in Cuba.
• D)the explicit cost of production for sugar cane is lower in Brazil than in Cuba.

Understand the basic theories of motivation and their key concepts.

Identify the factors that contribute to an effective organizational climate.

Distinguish between intrinsic and extrinsic motivators and their effects on employees.

Recognize the significance of Maslow's hierarchy of needs in understanding employee motivation.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make payments.

Creditor

An individual or organization to whom money is owed by a debtor.

Co-Sign

To sign a legal document alongside another person, often agreeing to take responsibility if the primary signer fails to meet the terms.

Credit Application

A form or request submitted by an individual or business seeking to obtain credit from a lending institution.