A Bowed-Out Production Possibilities Curve [PPC] Implies That the Marginal

question 57

Multiple Choice

A bowed-out production possibilities curve [PPC] implies that the marginal opportunity cost of producing more of one good is:

• A)decreasing.
• B)increasing.
• C)constant.
• D)zero.
• E)less than zero.

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Definitions:

Belongingness Needs

are a person's inherent need to feel connected, valued, and a part of a group or social circle, reflecting a fundamental human motivation.

ERG Theory

ERG Theory is a motivation theory developed by Clayton Alderfer that categorizes human needs into three types: Existence, Relatedness, and Growth, suggesting that these needs can influence workplace behavior.

Basic Psychological Needs

Fundamental human motivations that include the need for competence, autonomy, and relatedness, which are essential for psychological development and well-being.

Friendly Relationships

Bonds between individuals characterized by mutual affection, support, and a positive regard, fostering a pleasant social environment.