If a Country's Production Possibilities Boundary Is Drawn as a Straight

question 22

Multiple Choice

If a country's production possibilities boundary is drawn as a straight (downward- sloping) line it indicates

• A)the use of the scarce resources in an economy.
• B)constant opportunity cost of producing more of either good.
• C)increasing opportunity cost of producing more of either good.
• D)decreasing opportunity cost of producing more of either good.
• E)an unfair distribution of resources in an economy.

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Definitions:

Occupational Accidents

Unplanned events at work that result in injury, disease, or death.

Job Security

The probability that an individual will retain their job without the risk of becoming unemployed.

Stress

A psychological and physical response to external pressures or demands, affecting individuals differently.

Strategic Business Objectives

Long-term goals set by a company to guide its operations and direction, ensuring growth and success.