When an Economy Is Operating Inside Its Production Possibilities Frontier,we

question 171

Multiple Choice

When an economy is operating inside its production possibilities frontier,we know that

• A)there are unused resources or inefficiencies in the economy.
• B)all of the economy's resources are fully employed.
• C)economic growth would have to occur in order for the economy to move to a point on the frontier.
• D)in order to produce more of one good,the economy would have to give up some of the other good.

Understand and apply concepts of graduated commission scales in sales.

Calculate and understand the implications of GST on business transactions.

Understand the conditions under which a court will uphold contracts for sale or lease of goods.

Recognize the concept of unconscionability and its relation to the Uniform Commercial Code.

---

Definitions:

360-Degree Feedback

A performance appraisal method in which an employee receives confidential, anonymous feedback from the people who work around them.

Changing Attitudes

The process of influencing or altering people's cognitive evaluations, emotional feelings, and behavioral tendencies towards objects, people, or concepts.

Strategies to Cope

Various methods or approaches individuals employ to deal with internal or external demands that are perceived as stressful or difficult.

Prevention

Strategies or actions taken to stop something undesirable from happening, such as illness or accidents.