Use the Following to Answer Questions

question 205

Multiple Choice

Use the following to answer questions:
Figure: Comparative Advantage
-(Figure: Comparative Advantage) The figure illustrates both the U.S. and Japanese production possibilities frontiers for TVs and wheat. Based on this information, which of the following is TRUE?

• A) The opportunity cost of producing a TV in the United States is 1/3 of a bushel of wheat.
• B) The opportunity cost of producing a TV in the United States is 900 bushels of wheat.
• C) The opportunity cost of producing a TV in Japan is 2 bushels of wheat.
• D) The opportunity cost of producing a bushel of wheat in Japan is 2 TVs.

---

Definitions:

Monitoring Function

The process of continuously observing and evaluating performance or progress to ensure goals are being met and to identify any need for corrective action.

Fast-Paced Environment

characterizes situations or workplaces where decisions need to be made quickly, and actions are executed rapidly to adapt to changing circumstances.

Leadership Action

Specific steps or initiatives taken by someone in a leadership position to guide, influence, or direct others or the course of events.

Communications Director

A professional role responsible for overseeing and guiding an organization's internal and external communication strategy.