When the Government Hires People to Serve in the Army

question 133

Multiple Choice

When the government hires people to serve in the army, these people are no longer available to do other work. This choice illustrates the concept of

• A) an incentive.
• B) a social interest/private interest conflict.
• C) opportunity cost.
• D) marginal benefit.

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Definitions:

Just-In-Time Techniques

Supply chain management strategies focused on reducing inventory levels and increasing efficiency by receiving goods only as they are needed in the production process.