Which One of the Following Concepts Is Not Illustrated by a Production

question 120

Multiple Choice

Which one of the following concepts is not illustrated by a production possibilities frontier?

• A)scarcity
• B)marginal benefit
• C)opportunity cost
• D)attainable and unattainable points
• E)the tradeoff between producing one good versus another

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Definitions:

Obedience

The act of following orders, rules, or requests from someone in authority, demonstrating compliance and submission.

Theory X

A management theory suggesting that employees are inherently lazy and will avoid work if they can, hence need to be closely supervised and have a structured work environment.

Internal Rewards

are personal satisfactions or fulfilments that come from within an individual, often as a result of accomplishing something.

External Rewards

Benefits or incentives provided by an external source, such as money, grades, or praise, which motivate behavior.