The Figure Given Below Represents an Economy Producing Corn and Planes

question 60

Multiple Choice

The figure given below represents an economy producing corn and planes under different economic situations.Figure 2.2

-Which of the following will bring about an inward shift of a production possibilities curve [PPC]?

• A)A decrease in the amount of resource employment
• B)An increase in the working-age population
• C)An increase in unemployment
• D)A decrease in the availability of natural resources
• E)An increase in the amount of capital available

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Definitions:

Paired Comparison

A method used to evaluate, rank, or choose between alternatives by comparing them directly with each other in pairs.

Ranking

Ranking is the act of ordering or classifying entities based on criteria or performance, often used for comparison or competitive purposes.

Forced Distribution

A performance evaluation method where employee evaluations are distributed along a bell curve, forcing a ranking of employees into categories.

Performance Management

The comprehensive approach of setting objectives, assessing progress, and providing ongoing feedback to ensure that employees meet their career goals and organizational needs.