A Country Produces Only Apples and Bananas

question 63

Multiple Choice

A country produces only apples and bananas.Moving from point A to point B along its production possibilities frontier,5 apples are forgone and 4 bananas are gained.What is the opportunity cost of a banana?

• A) 4 apples
• B) 5/4 of an apple
• C) 4/5 of an apple
• D) 1 banana
• E) None of the above answers is correct.

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Definitions:

Reward Power

The capability of an individual to offer positive incentives, such as promotions or bonuses, to influence others’ behaviors or attitudes.

Expert Power

The influence and authority someone has due to their specialized knowledge or expertise.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose sanctions on others.

Referent Power

is the influence one has over others based on their loyalty, respect, or admiration towards the person.