-Refer to the Above Diagram.Curve B Is A

question 188

Multiple Choice

-Refer to the above diagram.Curve B is a:

• A) production possibilities curve indicating constant opportunity costs.
• B) production possibilities curve indicating increasing opportunity costs.
• C) demand curve indicating that the quantity of consumer goods demanded increases as the price of capital falls.
• D) technology frontier curve.

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Definitions:

Bona Fide Occupational Qualification

A legal term allowing employers to hire employees based on qualities that would typically be considered discrimination if they are reasonably necessary to the normal operation of a particular business.

Job Relatedness

The relevance or connection of a task or requirement to the core functions of a specific job position.

Bona Fide Seniority System

A legitimate system in a workplace that rewards employees based on length of service, often affecting pay and promotions.

Business Necessity

A legitimate, documented reason for a business action that is essential for the operation or survival of the business.