Scenario 20

question 30

Multiple Choice

Scenario 20.1 Suppose labor productivity differences are the only determinants of comparative advantage,and Brazil and Chile both produce only coffee and sugar.In Chile,either 5 units of coffee or 2 units of sugar can be produced in one day.In Brazil,a day of labor produces either 2 units of coffee or 1 unit of sugar.
-Refer to Scenario 20.1.Which of the following statements is true?

• A)Brazil has a comparative advantage in producing coffee.
• B)Brazil has a comparative advantage in producing both coffee and sugar.
• C)Chile has a comparative advantage in producing both coffee and sugar.
• D)Neither Chile nor Brazil has a comparative advantage in producing coffee.
• E)Brazil has a comparative advantage in producing sugar.

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Definitions:

Managerial Coaching

Involves managers directly supporting their employees' development by providing feedback, guidance, and learning opportunities to improve their performance and skills.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.

Personal Space

The physical space immediately surrounding an individual, into which any encroachment feels threatening to or uncomfortable for them.

Reference Points

Fixed markers or standards used for comparison or to determine position or progress.