Refer to the Figure Shown, Which Represents the Production Possibilities

question 95

Multiple Choice

Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The slope of Country A's production possibilities frontier:

• A) measures the opportunity cost of trucks in terms of cars.
• B) measures the trade-off that Country A face when deciding how to allocate resources.
• C) is constant because the opportunity cost remains constant.
• D) All of these statements are true.

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Definitions:

Strategic Human Resource Management

The proactive management of people, aligning the workforce with the strategic objectives of the company.

HRM Process

The series of systematic steps undertaken by a human resources department to recruit, hire, manage, and develop a company's employees.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Human Resource Planning

The ongoing process of systematically planning ahead to optimize and meet the future human resource needs of an organization, in alignment with its strategic goals.