When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.
Opportunity Costs= Absolute Income - Monetary Benefit.
The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.
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"Credit" is the one among the following choices given in the question that <span>is an agreement between a consumer and lender to borrow money and pay it back in increments. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer has helped you.</span>
Economists use the gross national product (GNP) to measure <u>the output of a nation’s citizens, regardless of where they are.
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<h3>Further explanation
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Gross National Product or GNP measures the total output produced by a country's residents, regardless of where they are. Therefore, any output produced by foreign residents within the country must be excluded in calculations of GNP, while any output produced by the country's residents outside of the country must be counted.
Gross national product calculates by adding these factors below:
<h3>Consumption + Government Expenditures + Investments + Exports + Foreign Production
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Another important economic measure is Gross Domestic Product (GDP). GDP measures the total output produced in the country, regardless of who they are. GDP is the most widely used to measure a country's economic activity. The difference between GNP and GDP may indicate that a country is more engaged in international trade. The larger the difference between a country's GNP and GDP, the greater international activities.
<h3>Learn more
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Gross National product brainly.com/question/1086262
GNP and GDP brainly.com/question/1228512
GNP vs GDP brainly.com/question/853464
Keywords: GNP, Gross National Product, GDP, Gross Domestic Product, International trade
I think the answer to this question is: Strategic leadership
Strategic leadership is the ability to influence other to do something that will be beneficial for our group
This kind of skill is really important to ensure company's long term success and operational stability between each of the group members
