The Figure Given Below Shows the Production Possibilities Frontier for Good

question 61

Multiple Choice

The figure given below shows the production possibilities frontier for Good A and Good B. In the figure below, when moving from point f to point g, the production of:

• A) Good B increases without a change in the production of Good A.
• B) Good A increases without a change in the production of Good B.
• C) both Good A and Good B increase.
• D) both Good A and Good B decrease.
• E) Good B increases and the production of Good A decreases.

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Definitions:

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, increasing efficiency and effectiveness in that domain.

Job Enlargement Approach

a job design method that increases the number of tasks an employee performs, aiming to reduce monotony and improve job satisfaction.

Group-based Incentive System

A reward system where incentives are given to a group of employees based on their collective performance.

Knowledge-based Pay Plan

A compensation strategy where employees are paid based on their skills, knowledge, and abilities, rather than their job title or position.