The Following Table Represents Autarkic and Free-Trade Production and Consumption

question 81

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The following table represents autarkic and free-trade production and consumption and resource use for Suburbia. I. Is Surburbia a labor-abundant or a capital-abundant country? Explain your answer.
II. What is the price of good X in autarky? With free trade?
III. How many units of what product are exported? How many units of what product are imported?
IV. Has the marginal product of labor in good X production increased or decreased?
Explain your answer.
V. Has the marginal product of capital in good Y production increased or decreased?
Explain your answer.

Identify the characteristics of useful information and its importance in decision-making.

Recognize the significance of computer and information competency for effective decision-making.

Understand how management information systems support organizational functions.

Recognize the impact of information technology on organizational structure and barriers.

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Definitions:

Primary Reinforcer

A reinforcer that is innately satisfying; one that does not take any learning on the organism’s part to make it pleasurable.

Praise

Expression of approval, commendation, or admiration directed at an individual or group.

Money

A medium of exchange, in the form of coins and banknotes, used to facilitate transactions.

Food

Any nutritious substance that people or animals eat or drink in order to maintain life and growth.