Figure 3-2

question 96

Multiple Choice

Figure 3-2
-Refer to Figure 3-2. Assume that Cliff and Paul were both producing wheat and corn, and both were dividing their time equally between the two. Then they decide to specialize in the product for which they have a comparative advantage. What would happen to the production of corn?

• A)Increase by 1 bushel.
• B)Increase by 2 bushels.
• C)Increase by 3 bushels.
• D)Increase by 4 bushels.

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Definitions:

Countercultures

Social groups whose values, norms, and practices deviate from or oppose those of the mainstream culture.

Organizational Culture

The shared values, beliefs, and norms that shape the social and psychological environment of a business or organization.

Corporate Cult

A set of shared beliefs, values, and practices that characterizes an organization and its members.

Cultural Values

The core principles and standards that guide behavior and decision-making within a specific cultural group or society.