In Order to Have a Linear Production Possibilities Frontier (One

question 100

Multiple Choice

In order to have a linear production possibilities frontier (one that is not bowed out) , it must be that:

• A)there are no trade-offs
• B)the trade-off between two goods is constant
• C)resources are being used efficiently
• D)there is no technological advances occurring

---

Definitions:

Rorschach Inkblot Technique

A projective psychological test consisting of inkblots presented to individuals to interpret, used to analyze emotional functioning and personality.

Objectively Interpret

The process of understanding or analyzing information based on facts and without personal bias.

Validity

The extent to which a test or procedure accurately measures what it is intended to measure.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related outcome.