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The Following Economy Produces Two Products

question 92

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The following economy produces two products. The following economy produces two products.   Refer to the above table.According to the production possibilities schedule,a combination of four tanks and 650 autos is: A)  attainable and involves an efficient use of society's resources. B)  attainable,but would not be in the best interests of a strong national defense. C)  not attainable because it is not listed in the schedule. D)  not attainable because society does not have sufficient resources to produce this combination. Refer to the above table.According to the production possibilities schedule,a combination of four tanks and 650 autos is:

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Definitions:

Unskilled Jobs

Positions that require minimal specialized skills, training, or education, often characterized by routine tasks and low pay.

Human Capital

The collective skills, knowledge, abilities, and other attributes embedded in individuals that contribute to their economic productivity.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods such as teaching, training, storytelling, discussion, and directed research.

On-The-Job Training

The education and training provided to employees while they perform tasks or processes related to their job at the workplace.

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