Suppose Someone Finds a Production Possibilities Frontier (PPF)that Is Shaped

question 109

Multiple Choice

Suppose someone finds a production possibilities frontier (PPF) that is shaped like a straight line.What can one determine about the production of the two goods?

• A) Production of the two goods is subject to decreasing relative cost.
• B) Production of the two goods is subject to increasing relative cost.
• C) Production of the two goods is subject to constant opportunity cost anywhere along the PPF.
• D) One producer must have an absolute advantage in production.
• E) More resources will not cause the PPF to shift.

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Definitions:

Social Identity

A definition of the self in terms of the defining characteristics of a social group.

Situated Self

The subset of self-concepts that constitutes the self people recognize in a particular situation. Selected from the person’s various identities, qualities, and self-evaluations, the situated self depends on the demands of the situation.

Looking Glass Self

A concept in social psychology suggesting that an individual's self-concept is influenced by how they believe others perceive them.

Generalized Other

A conception of the attitudes and expectations held in common by the members of the organized groups with whom one interacts.