-Refer to the Production Possibilities Frontier in the Figure Above

question 239

Multiple Choice

-Refer to the production possibilities frontier in the figure above. More of good X must be given up per unit of good Y gained when moving from point b to point a than when moving from point c to point b. This fact

• A) illustrates decreasing opportunity cost.
• B) illustrates increasing opportunity cost.
• C) indicates that good X is more capital intensive than good Y.
• D) indicates that good Y is more capital intensive than good X.

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Definitions:

Human Relations

The study and management of how people interact in the workplace, aiming to improve job satisfaction, productivity, and interpersonal dynamics.

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The recognition and acceptance of one's own abilities and limitations without undue self-criticism.

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