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According to the production possibility model,if more resources are allocated to the production of physical and human capital,then all of the following are likely to happen except
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Pertains to customs, beliefs, or methods that have been passed down through generations.
Monochronic Time
A cultural concept referring to the preference for doing one thing at a time, emphasizing schedules, punctuality, and a linear sense of time.
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A characteristic, number, or quantity that can be measured or quantified and can vary among individuals or over time.
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