Exhibit 2-15 Production Possibilities Curve

question 8

Multiple Choice

Exhibit 2-15 Production possibilities curve
-In Exhibit 2-15, if the economy produces no capital goods, what is the maximum number of consumer goods that can be produced?

• A) 50.
• B) 48.
• C) 40.
• D) 25.
• E) 0.

---

Definitions:

Control Costs

The practice of managing and regulating expenses to ensure financial efficiency and organizational sustainability.

Theory Y

A management theory developed by Douglas McGregor that assumes employees are self-motivated, seek responsibility, and want to make creative contributions to the workplace.

Self-fulfilling Prophecies

Expectations about a subject that cause the subject to act in ways that confirm the expectations.

Adult Personality

The culmination of personality development over an individual's lifetime, showcasing stable psychological traits.