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Narrative 2-1 The Homeless Shelter

question 52

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Narrative 2-1
The Homeless Shelter
Carlos,a psychologist at a local shelter for homeless individuals,makes determinations about who should get special privileges.He is working on his doctorate at the same time,and naturally considers dissertation topics that would involve people who are homeless.​
-Carlos is well aware that even a small amount of money can be a powerful incentive.He is struggling with how much he can pay participants without being coercive.This issue relates most strongly to ____.


Definitions:

Production Possibilities Curves

A graph that depicts the maximum potential output of one good for a given amount of output for another, assuming full efficiency and fixed resources.

Trading Possibilities Curves

Graphical representations that show the different quantities of two goods that a country can produce and trade given the same amount of resources.

Opportunity Cost

The expense incurred from not choosing the next most favorable alternative during decision-making.

Production Possibilities Curves

A graphical representation that shows the maximum attainable combinations of two goods that can be produced with available resources.

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