Suppose That a Worker in Country a Can Make Either

question 73

Multiple Choice

Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Which of the following is true? The opportunity cost of:

• A) 1 iPod in Country A is 2 tablets.
• B) 1 tablet in Country A is 2 iPods.
• C) tablets is lower in Country A than Country B.
• D) 1 iPod in Country B is 2 tablets.

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Definitions:

Teamwork

The combined action of a group, especially when effective and efficient, working together toward a common goal.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives, typically involving critical thinking and analysis.

Management

entails the planning, organizing, directing, and controlling of resources to achieve organizational goals efficiently and effectively.

Leadership

The ability to guide, direct, or influence people towards the achievement of goals.