A Country Produces Only Cans of Soup and Ink Pens

question 240

Multiple Choice

A country produces only cans of soup and ink pens.If the country produces on its bowed outward PPF and increases the production of cans of soup,the opportunity cost of additional

• A) cans of soup is increasing.
• B) cans of soup is decreasing.
• C) cans of soup remains unchanged.
• D) ink pens is increasing.
• E) More information is needed to determine what happens to the opportunity cost.

---

Definitions:

Strategic

Pertaining to the identification of long-term goals and the formulation of plans to achieve them, taking into account resources, competition, and the external environment.

Financially Successful

Refers to the state or condition of having achieved or exceeded desired financial goals, often indicative of profitable operations and effective financial management in an individual or organization's context.

People as Costs

A perspective in business where employees are viewed primarily as financial liabilities rather than assets or contributors to the company's growth.

Human Resource Planning

The process of analyzing staffing needs and identifying actions to fill those needs.