FIGURE 13- 4 the Three Diagrams Below Each Show a Supply

question 109

Multiple Choice

FIGURE 13- 4 The three diagrams below each show a supply curve for oil tankers over a relatively short period of time.

-Refer to Figure 13- 4.Consider oil tankers as a factor of production (for example,for the production of gasoline) .Which diagram shows the most mobility of this factor of production?

• A)diagram 1
• B)diagram 2
• C)diagram 3
• D)none of the diagrams
• E)each diagram shows mobility

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Definitions:

Disconnection

The process or state of being detached or separated from something.

Group

Three or more people who work independently to attain organizational goals.

Collectivist Culture

A social pattern that emphasizes group goals and the importance of cohesion within social or occupational groups.

Greater Good

A principle that actions or policies are considered justifiable if they benefit the majority or improve the overall situation of a community or society.