Which Is NOT a Part of the PMA

question 12

Multiple Choice

Which is NOT a part of the PMA?

• A)A bottom-up approach
• B)Competitive outsourcing
• C)A focus on results
• D)Market-based initiatives

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Definitions:

Marginal Revenue Product (MRP)

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.

Diminishing Returns

A principle stating that as an additional unit of a factor of production is added, while other factors are held constant, the incremental increase in output will eventually decrease.

Nonreproducible

Refers to goods or assets that cannot be exactly replicated or duplicated, often due to uniqueness or specific characteristics.

Single-Tax Movement

The political efforts by followers of Henry George (1839–1897) to impose a single tax on the value of land and eliminate all other taxes.