Given Below Is the Production Possibilities Schedule for a Small

question 65

Multiple Choice

Given below is the production possibilities schedule for a small island nation in South Pacific that produces capital and consumer goods.Table 2.3

-Refer to Table 2.3. Identify the correct statement.

• A)The best the economy can do is to produce 10 units of capital goods and 4 units of consumer goods.
• B)The best the economy can do is to produce no capital goods and produce 2 units of consumer goods.
• C)If the economy produces 10 units of capital goods and no units of consumer goods, there is unemployment.
• D)If the economy produces 4 units of capital goods, it can manage to produce only 3 units of consumer goods.
• E)In order to produce the 10th unit of capital goods, 4 units of consumer goods must be forgone.

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Definitions:

Assessing Change

The evaluation of modifications, developments, or shifts in a situation or environment, often to understand impacts or plan accordingly.

Political Maneuvering

The strategic actions and tactics used by individuals or groups to navigate or influence political environments and outcomes.

Force-Coercion Strategy

A change management approach that relies on the use of authority, threats, or pressure to achieve desired organizational changes.

Special Advantage

A special advantage refers to a unique strength or benefit that an entity possesses, setting it apart from competitors and contributing to its success.