Making a Pound of Wool Takes 5 Hours in Scotland

question 259

Multiple Choice

Making a pound of wool takes 5 hours in Scotland and 2 hours in Iceland. Making a cord of firewood takes 5 hours in Scotland and 8 hours in Iceland. Suppose that labor is only productive resource needed in these industries, and is fully employed in both nations. Under these conditions, if Iceland produces 4 extra pounds of wool, but Scotland produces 2 fewer pounds of wool, there is a net

• A)gain of 2 cords of firewood in the world.
• B)gain of 1 cord of firewood in the world.
• C)loss of 2 cords of firewood in the world.
• D)loss of 1 cord of firewood in the world.

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Describe enterprise social media and its uses within an organization.

Evaluate strategies for enhancing workplace productivity and morale through communication.

Understand the implications of social media on employee behavior and workplace productivity.

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Definitions:

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Philosophy Professor

An academic professional specializing in the study and teaching of philosophy, exploring fundamental questions about existence, knowledge, and ethics.