Consider the Following Combinations of Guns and Butter That Can

question 91

Multiple Choice

Consider the following combinations of guns and butter that can be produced: 0 guns,20,000 units of butter; 5,000 guns,15,000 units of butter; 10,000 guns,10,000 units of butter; 15,000 guns,5,000 units of butter; 20,000 guns,0 units of butter.The PPF between guns and butter is

• A) a downward-sloping bowed-out curve.
• B) a downward-sloping straight line.
• C) an upward-sloping straight line.
• D) It is impossible to answer this question without knowing which good would be plotted on the vertical axis.

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Definitions:

Operant Conditioning

A training technique in which a behavior's force is changed using either positive reinforcement or negative consequences.

Behaviour Control

The management practice of regulating employees' actions through policies, procedures, and surveillance to align with organizational goals.

Consequences

The results or effects that naturally follow from certain actions or decisions, whether positive or negative.

Self-confidence

The belief in one’s abilities, qualities, and judgment, often contributing to one’s sense of competence and assertiveness.