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Which of the following is an assumption used in deriving a production possibilities curve?
Hiring Freeze
A temporary halt on hiring new employees, typically implemented by an organization to reduce costs.
Contracting Work
The practice of hiring external contractors to perform specific tasks or projects rather than employing full-time staff to do the same work.
Contract Workers
Individuals employed on a temporary basis to complete specific tasks or for a set period, often without the benefits provided to permanent staff.
Employment Legislation
Laws and regulations that govern the relationship between employers and employees, covering aspects such as wages, working hours, health and safety, and discrimination.
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