A production possibilities frontier (PPF) is a function that shows the different combinations of two goods that can be produced by a country, firm, or any other economic agent, given a fixed initial endownment of factors of production that is totally consumed. Therefore, the points in the function take the following form: (x ,y)= (quantity produced of good x, quantity produced of good y).
The PPF function also represents two crucial economic concepts: efficiency and opportunity cost. The opportunity cost is defined as the value of the best alternative rejected when making a decision. When moving along the PPF line, if a combination is chosen so that a extra unit of good x is produced, some units of good y need to be given up (due to the fixed amount of inputs available). Those given up units would constitute the opportunity cost.
<u>Combinations of x and y located along the curve are efficient because they represent output quantities obtained by using the whole factor endowment available.</u> Points located below the curve are considered inefficient because they represent inferior levels of production than the ones that could be generated given the amount of resources available. On the other hand, points located above the PPF curve are impossible, because they represent bundles of x and y that cannot be manufactured given the initial endowment of resources.
The correct answer is - c. it encouraged written language so that records could be kept.
The development of agriculture enabled people to settle in at one place instead of having a nomadic life. This way of life and the sufficient amount of food enabled the people to focus on other things, one of which was the invention of the written language which allowed the people to be able to express themselves better, or to preserve records over time, to provoke the creativity in them...
Answer:
The <u>CRM (Composite Risk Management)</u> is the primary decision making process for identifying hazards and controlling risks across the full spectrum of military missions, functions, operations, and activities.
Explanation:
Composite Risk Management (CRM) is a decision-making process used by the military to mitigate certaing risks and hazards related to personnel's injuries, damage of equipment or mission effectiveness.
To be effective, the CRM process must include some basic steps, such as: identifying hazards to the force, assessing hazards to evaluate risks, developing controls, implementing those new controls, supervising and evaluating the full process.
Answer:
That statement is true
Explanation:
The social cognitive theory essentially views that the knowledge acquisition process that happened to all individuals is heavily influenced by the interaction that those individuals made with their environment.
They backed their theory with the results in cognitive psychology and social psychology which infers that every observation that we made since childhood (especially toward close family members) will gradually create blocks of knowledge in our brain that influence the way we view everything around us.
