Which of the Following Trade-Offs Does the Production Possibilities Frontier

question 117

Multiple Choice

Which of the following trade-offs does the production possibilities frontier illustrate?

• A)If an economy wants to increase efficiency in production,then it must sacrifice equality in consumption.
• B)Once an economy has reached the efficient points on its production possibilities frontier,the only way of getting more of one good is to get less of the other.
• C)For an economy to consume more of one good,it must stop consuming the other good entirely.
• D)For an economy to produce and consume goods,it must sacrifice environmental quality.

Recognize the significance of cultural sensitivity during the recruitment and selection process.

Identify the core functions of HR practices in attracting, training, motivating, and retaining employees.

Describe the role of human capital in achieving competitive advantage and the different types of human capital.

Differentiate between various international and domestic HR practices and their importance in global operations.

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Definitions:

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks.

Mnemonic Devices

Tools that aid in the recall of information, using patterns, acronyms, or associations to help remember data.

Framing

The way information or issues are presented and the effect this presentation has on perception and decision-making.

Availability

In psychology, it refers to the ease with which a particular thought or memory can be accessed from memory, often influencing judgments and decision-making.