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Which of the Following Is False

question 31

Multiple Choice

Which of the following is false?

Recognize the factors that shift the production possibilities curve outward indicating economic development.
Grasp the basic concept of opportunity cost and its practical implications in decision making.
Identify the role of unemployment in an economy's production possibilities.
Explain the factors of production and their role in the economy.

Definitions:

Human Capital

The abilities, understanding, and expertise held by a person or a group, considered in terms of their economic or value worth to a company or nation.

Ph.D.

A Doctor of Philosophy degree, a postgraduate academic degree awarded by universities.

College Professors

Faculty members at colleges and universities responsible for teaching courses, conducting research, and participating in academic service.

Employment Discrimination

Unjust or prejudicial treatment of individuals in a workplace environment based on race, age, gender, disability, or other protected characteristics.

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