The Better a Person Is at Producing One Good

question 188

Multiple Choice

The better a person is at producing one good:

• A) the worse he is at producing other goods.
• B) the higher the opportunity cost to him of producing other goods.
• C) the lower the incentive he has to trade with other people.
• D) the better he is at producing other goods.

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Definitions:

Self-administered Reward

A reward that individuals give to themselves, often used as a motivational tool in self-management strategies.

Self-congratulation

The act of praising or expressing pride in oneself for one's achievements or qualities, often without external acknowledgment.

Difficult Assignment

A task or project that is particularly challenging due to its complexity, scope, or the required skill set.

Punishment

A consequence or penalty imposed for unacceptable behavior, meant to discourage that behavior in the future.