-Which of the Following Is an Assumption Used When Drawing

question 4

Multiple Choice

-Which of the following is an assumption used when drawing a production possibilities frontier? i. Human wants and desires are limited to what is available.
Ii) Only two goods are considered.
Iii) The level of technology is fixed and unchanging.

• A) i only
• B) ii only
• C) i and iii
• D) ii and iii
• E) i, ii, and iii

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Definitions:

Self-Improvement

The process of enhancing one's knowledge, status, character, or well-being through personal efforts and positive thinking.

Defensive Pessimists

Individuals who employ a strategy of setting low expectations and mentally preparing for negative outcomes to manage anxiety and perform well.

Defensive Optimists

Individuals who manage their anxiety about achieving goals by setting lower expectations, yet remain motivated to achieve success.

Reverse Optimists

Individuals who tend to anticipate negative outcomes instead of positive ones, which can affect their decision-making and risk assessment.