Which of the Following Is Not an Illustration of the Idea

question 113

Multiple Choice

Which of the following is not an illustration of the idea of opportunity cost?

• A)A growing economy can produce more consumer goods and more capital goods at the same time.
• B)If I buy a pizza, I will not be able to afford a movie.
• C)Resources devoted to consumer goods production are not available for capital goods production.
• D)The land a Manitoba farmer plants in wheat is not available for corn production.

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Definitions:

Part-Time Workers

Refers to individuals who are regularly expected to work less than 40 hours a week. They typically do not receive benefits and afford the organization a great deal of flexibility in staffing.

Scheduling Flexibility

Scheduling flexibility refers to the ability of employees to have control over their work hours, including when and where they work, often aimed at improving work-life balance.

Labor Costs

The total sum of all wages paid to employees, as well as the costs related to employee benefits and payroll taxes.

Progressive Disciplinary

A gradual approach to disciplining employees for policy violations, typically starting with a warning and escalating to more severe consequences.