Given Freedom of Movement for Both Goods and Resources, If

question 159

Multiple Choice

Given freedom of movement for both goods and resources, if Florida producers specialize in oranges and Georgia producers specialize in peaches, then it would be reasonable to conclude that

• A) the opportunity cost of growing oranges is higher in Florida than in Georgia.
• B) Georgia has a comparative advantage in producing peaches.
• C) Florida has a comparative advantage in producing peaches.
• D) total output will be expanded when Georgia allocates more resources to producing oranges and Florida allocates more resources to producing peaches.

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Definitions:

Early Studies

Initial research or investigations conducted in a particular field of study, often laying the foundation for further exploration and development.

Stogdill

Stogdill was a significant figure in the field of leadership studies, known for his research and theories on the attributes and behaviors that define effective leadership.

Leadership Situations

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This approach to leadership focuses on identifying specific qualities and characteristics that distinguish leaders from non-leaders.