If the Economy Is Currently Operating on a Point on the Production

question 29

Multiple Choice

If the economy is currently operating on a point on the production possibility curve for government goods and services versus private goods and services,

• A)an annual increase in government goods and services can be obtained without any sacrifice of annual private goods and services.
• B)it will be impossible to increase annual output of government goods and services.
• C)a decrease in the annual output of government goods and services will have no effect on the annual output of private goods and services.
• D)a decrease in the annual output of government goods and services will allow an increase in annual output of private goods and services.

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Definitions:

Replacement Summaries

Lists of likely replacements for each job and their relative strengths and weaknesses.

Replacement Charts

Tools used in human resource planning that visualize potential internal candidates for future job openings, indicating their current performance and readiness for promotion.

Strengths And Weaknesses

Attributes or aspects of an individual's personality, skills, or abilities that are considered positive (strengths) or negative (weaknesses).

Human Resource Planning

The process of forecasting an organization's future human resource needs and developing strategies for fulfilling those needs, balancing organizational demands with available workforce supply.