Tom and Don Have Different Opportunity Costs of Producing Two

question 111

Multiple Choice

Tom and Don have different opportunity costs of producing two goods. If Tom and Don specialize in producing the goods in which each has a comparative advantage and they exchange goods, then

• A)they each lose because they are no longer able to produce and consume both goods.
• B)one of them will gain and one of them will lose.
• C)each will gain because each can consume a combination of goods that is outside his production possibility frontier.
• D)each will produce a combination of goods that is outside his production possibilities frontier.
• E)each will produce a combination of goods that is inside his production possibilities frontier.

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Definitions:

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature that can affect an individual's employment, interfere with their work performance, or create a hostile work environment.

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Situations where an individual's or organization's personal interests could improperly influence the performance of their professional duties or responsibilities.

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The collective understanding within an organization of what is considered morally right or wrong, influencing ethical decision-making.