In the Specific Factors Model, a 5% Increase in the Price

question 3

Multiple Choice

In the specific factors model, a 5% increase in the price of food accompanied by a 5% increase in the price of cloth will cause ________ in the welfare of labor, ________ in the welfare of the fixed factor in the production of food, and ________ in the welfare of the fixed factor in the production of cloth.

• A) a decrease; an increase; an increase
• B) a decrease; a decrease; a decrease
• C) no change; no change; no change
• D) an increase; a decrease; a decrease
• E) an increase; an increase; an increase

Understand the concept of organizational creativity and innovation, including their differences and interrelation.

Identify and analyze models of decision-making within organizations, including rational, political, and evidence-based models.

Recognize the barriers to creativity and innovation within organizations, such as perceptual, emotional, and cultural blocks.

Explore various influence methods within organizations and their effectiveness.

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Definitions:

Lethargy

A state of weariness, sluggishness, or lack of energy, which can be a symptom of various medical conditions or the result of physical or mental fatigue.

Protein Deficiency Anemia

A condition where a lack of protein in the diet leads to a reduction in the body's ability to produce healthy red blood cells, causing anemia.

Idiopathic Cryoglobulinemia

A disorder where abnormal proteins in the blood thicken in cold temperatures, possibly leading to blockage of blood vessels.

Nezelof's Syndrome

A rare immunodeficiency disorder characterized by a decreased function of the thymus gland, leading to low immunity and vulnerability to infections.