Assume That the World Economy Consists of Two Countries: Russia

question 11

Multiple Choice

Assume that the world economy consists of two countries: Russia and Republic of Belarus. Each country can produce tomatoes and potatoes. Russia can produce 1000 tons of tomatoes or 3000 tons of potatoes or any linear combination of tomatoes and potatoes that satisfies potatoes + 3 × tomatoes = 3000. Republic of Belarus can produce 500 tons of tomatoes or 1000 tons of potatoes or any linear combination of tomatoes and potatoes that satisfies potatoes + 2 × tomatoes = 1000. Countries can freely trade with each other.
-If the total world production of potatoes is 2000 tons,how much tomatoes will be produced in Russia?

• A) 1000 tons
• B) 500 tons
• C) 666.67 tons
• D) 333.33 tons

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Definitions:

HR Department

A division within an organization focused on recruitment, management, and direction of people who work in the organization.

Uniformity

The state of being homogeneous or consistent in quality, standard, or style across a specified area or among different entities.

Performance Standards

Established expectations regarding the quality and quantity of work to be delivered by employees within a specific timeframe.

Performance Appraisal Process

A systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.