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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:
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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