The Only Way That a Society Can Produce Outside the Production

question 259

Multiple Choice

The only way that a society can produce outside the production possibilities curve is

• A) through economic growth.
• B) by producing efficiently.
• C) by obeying the Law of Increasing Additional Cost.
• D) to use the concept of opportunity cost.

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Definitions:

Job Significance

The extent to which a job has a substantial impact on the lives or work of other people either within or outside the organization.

Job Rotation

A system in which an employee is moved from one specialized job to another.

Job Enlargement

The process of adding more tasks of similar difficulty to an employee's job role to increase job diversity.

Labour Specialization

The division of labor where individual workers specialize in doing part of a task or job, leading to increased efficiency and productivity.