Table 196
Production and
Consumption Production
Without Trade with Trade

question 38

Multiple Choice

Table 19.6
Production and
Consumption Production
Without Trade with Trade
$$\begin{array} { | l | l | l | l| l | } \hline & \text { Clerks } & \text { Hats } & \text { Clerks } & \text { Hats } \\\hline \text { Denmark } & 900 & 150 & 1200 & 0 \\\hline \text { Belize } & 150 & 100 & 0 & 400 \\\hline\end{array}$$ Denmark and Belize can produce both clocks and hats. Table 19.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19.6.The country which has an absolute advantage in producing clocks is _________.

• A) Denmark
• B) Belize
• C) both countries
• D) neither country

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Definitions:

Diagnose Organizational Problems

The process of identifying and understanding issues within an organization that hinder its effectiveness.

Questionnaires and Interviews

Are research tools used to gather data from individuals, with questionnaires typically being written surveys and interviews being verbal or face-to-face interactions.

Organizational Records

Documents and files that a company keeps to record its activities, transactions, and other important information.

Innovative Leadership

A style of leadership that focuses on encouraging creativity, experimentation, and new ideas within an organization.