Table 23 -Refer to Table 2

question 189

Multiple Choice

Table 2.3
$$\begin{array} { | l | l | l | l | l | l | } \hline \text { Products } & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline \text { Capital goods } & 0 & 1 & 2 & 3 & 4 \\\hline \begin{array} { l } \text { Consumer } \\\text { goods }\end{array} & 40 & 35 & 20 & 7 & 0 \\\hline\end{array}$$
-Refer to Table 2.3,which shows the production possibilities frontier between the production of capital goods and consumer goods in an economy.Moving from D to B means _____

• A)1 unit of capital goods is given up for 7 units of consumer goods.
• B)2 units of capital goods are given up for 13 units of consumer goods.
• C)1 unit of capital goods is given up for 13 units of consumer goods.
• D)2 units of capital goods are given up for 7 units of consumer goods.
• E)2 units of capital goods are given up for 28 units of consumer goods.

Recognize various forms of collective bargaining agreements and their implications on employment.

Analyze the impact of unions on productivity, labor turnover, and economic efficiency.

Assess the legality and consequences of different collective bargaining strategies and labor disputes.

Explore the historical trends in union membership and its current status.

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Definitions:

Effective Rate

The actual interest rate an investor earns or pays on an investment or loan, taking into account the effect of compounding.

Nominal Rate

Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.

Opportunity Cost

Missing out on possible advantages from other choices when a specific choice is made.

Benefit

is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.