The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 4

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X. FIGURE 1-4
-Refer to Figure 1-4.An outward shift of the production possibilities boundary from to indicates which of the following?

• A)an increase in the price of raw materials for consumer goods
• B)growth in the country's productive capacity
• C)an increase in the price of raw material for capital goods
• D)more of the country's resources are being used
• E)the country's resources are being used less efficiently

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Definitions:

Agency Shop Agreements

Labor agreements that require employees to either join the union or pay a fee equivalent to union dues, even if they choose not to become union members.

Fair Representation

The legal duty of a union to represent all members impartially and effectively, especially in negotiations and grievance processes.

Superseniority

A privilege given to union officials that provides them higher priority over other workers in matters of layoffs and recalls, ensuring their positions are more secure.

Union Stewards

Representatives elected by union members to enforce the terms of labor contracts and address grievances.