The Concept of Trade-Offs Would Become Irrelevant If

question 81

Multiple Choice

The concept of trade-offs would become irrelevant if

• A) we were dealing with a very simple, one-person economy.
• B) poverty were eliminated.
• C) scarcity were eliminated.
• D) capital were eliminated.

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Definitions:

Polygraph Testing

A lie detector test that measures physiological responses to questions to determine the truthfulness of answers.

Job Sample Simulation

A testing method used in employee selection that involves giving the candidate a task or set of tasks to perform that are representative of the actual job.

Structured Interview

An interviewing technique where all participants are asked the same set of predetermined questions for consistency and comparability of responses.

Critical Incidents

Specific events that significantly impact an ongoing situation, often necessitating immediate attention or prompting change.