If an Economy Has to Sacrifice Only One Unit of Good

question 5

Multiple Choice

If an economy has to sacrifice only one unit of good X for each unit of good Y produced throughout the relevant range, then its production possibility frontier has:

• A)a zero slope.
• B)a constant negative slope.
• C)an increasing negative slope.
• D)a decreasing negative slope.

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Definitions:

Fiedler's Contingency Model

A leadership theory proposing that effective group performance depends on the proper match between a leader's style of interacting with followers and the degree to which the situation gives control and influence to the leader.

Situational Control

The ability to manage and influence the outcome of events based on an understanding and adaptation to the specific dynamic and context of a situation.

Position Power

The authority and influence granted to individuals by their role or position within an organization, allowing them to direct others.

Path-Goal Theory

A leadership theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates.