The Downward- Sloping Line in the Diagram Below Shows the Combinations

question 22

Multiple Choice

The downward- sloping line in the diagram below shows the combinations of health care and education expenditures that the government can afford with a given amount of tax revenue.
FIGURE 1- 6
-Behaviour in free- market economies is

• A)based primarily on custom and habit.
• B)determined by a central authority.
• C)random and unpredictable.
• D)mostly affected by elements of tradition and government command.
• E)mostly directed by self interest.

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Definitions:

HR Policies

The formal rules and guidelines that businesses put in place to hire, train, assess, and reward the members of their workforce.

Senior Managers

Top-level executives responsible for overseeing the management and strategic direction of an organization.

Stability Strategy

A business strategy focused on maintaining the current state of operations and avoiding risk by seeking steady growth or consistent performance.

Merger

Two organizations combine resources and become one.