The Figure Given Below Represents the Production Possibilities Curves [PPC]

question 34

Multiple Choice

The figure given below represents the production possibilities curves [PPC] of a country producing wine and cars.Figure 2.1

-Refer to Figure 2.1. If the country's PPC curve is curve II, then:

• A)points D and E use all of the resources.
• B)point A is unattainable.
• C)point D represents an under-utilization of resources.
• D)point E represents a state of unemployment.
• E)it is not possible to produce at curve I because wine is cheaper than cars.

Comprehend the concept of fairness (interactional, procedural, and outcome) in workplace justice.

Recognize the legal aspects and exceptions of the employment-at-will doctrine.

Identify practices to retain high-demand employees in a competitive market.

Understand disciplinary procedures and the progressive discipline process in the workplace.

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Definitions:

Maturation

The process of growth and development, either in biological organisms or in organizations as they evolve and reach full potential.

Diffuse

To spread or scatter widely or thinly; often relating to the dissemination of ideas or technologies.

Try-demo Units

Sample products or systems that are offered for trial use to demonstrate their capabilities or features before a purchase decision is made.

Trialability

The degree to which a product or service can be experimented with on a limited basis before making a purchase decision.