The Following Figure Shows the Production Possibilities Curves (PPCs) of Two

question 234

Multiple Choice

The following figure shows the production possibilities curves (PPCs) of two individuals, Ryan and Tom.

-Refer to the figure above.Which of the following statements is true?

• A) Tom has an absolute disadvantage in the production of Good 1, whereas Ryan has an absolute disadvantage in the production of Good 2.
• B) Ryan has an absolute disadvantage in the production of Good 1, whereas Tom has an absolute disadvantage in the production of Good 2.
• C) Tom can produce fewer of both goods given the same amount of resources as Ryan.
• D) Ryan can produce fewer of both goods given the same amount of resources as Tom.

---

Definitions:

Hawthorne Studies

A series of productivity experiments conducted from 1924-1932, which found that worker productivity increased under varying levels of light due to the psychological stimulus of being studied.

HR Training

The process by which employees are educated and developed to enhance their job skills and organizational knowledge.

Line Managers

Are those directly responsible for creating goods and services.

General Managers

Managers responsible for overseeing the day-to-day operations of a business or a specific department within an organization.