Suppose That a Worker in Freedonia Can Produce Either 6

question 94

Multiple Choice

Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year,and a worker in Sylvania can produce either 2 units of corn or 6 units of wheat per year.Each nation has 10 workers.For many years the two countries traded,each completely specializing according to their respective comparative advantages.Now,however,war has broken out between them and all trade has stopped.Without trade,Freedonia produces and consumes 30 units of corn and 10 units of wheat per year.Sylvania produces and consumes 10 units of corn and 30 units of wheat.The war has caused the combined yearly output of the two countries to decline by

• A)10 units of corn and 10 units of wheat.
• B)20 units of corn and 20 units of wheat.
• C)30 units of corn and 30 units of wheat.
• D)40 units of corn and 40 units of wheat.

Recognize the role of feedback in improving performance and communication clarity.

Comprehend the concept of job performance and its relationship to job satisfaction.

Identify the effects of cognitive dissonance on behavior and decision-making.

Understand the concept of locus of control and its impact on attitudes towards life and work.

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Definitions:

Special-Interest Issues

Topics or concerns that are of particular importance to specific groups or organizations.

Sugar Imports

The act of bringing sugar into one country from another for sale or trade.

Income Redistribution

The transfer of income, wealth, or resources from some individuals to others by means of a social policy or mechanism.

Special-Interest Issue

Matters that are of specific concern to a particular group or sector, affecting them directly.