If the Production Possibilities Curve Is a Straight Line

question 79

Multiple Choice

If the production possibilities curve is a straight line,

• A)opportunity costs rise as output of either commodity is expanded.
• B)resources are not equally productive in the production of both goods.
• C)opportunity costs are negative.
• D)resources can be moved from the production of one good to production of others with no loss of productivity.

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Definitions:

Human Resources Planning

The process of forecasting an organization’s future human resources needs and developing strategies for meeting those needs, including recruiting, training, and retaining employees.

Organizational Strategy

A plan of action designed to achieve long-term or overall goals and objectives of an organization.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, measure and monitor progress towards strategic targets.