A Straight-Line Production Possibilities Curve Has

question 353

Multiple Choice

A straight-line production possibilities curve has

• A) an increasing opportunity cost between the two goods.
• B) a decreasing opportunity cost between the two goods.
• C) a constant opportunity cost between the two goods.
• D) no opportunity cost between the two goods.

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Definitions:

Ringelmann Effect

Describes the tendency for individual members of a group to become increasingly less productive as the size of the group increases.

TAT

The thematic apperception test, a projective psychological test used to reveal a person's social drives or needs by their interpretation of a series of pictures of emotionally ambiguous situations.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Social Impact Theory

Social impact theory suggests that the amount of influence a person experiences in a group situation depends on the strength, immediacy, and number of other people in the group.