A Production Possibilities Curve Is Plotted for a Nation Producing

question 37

Multiple Choice

A production possibilities curve is plotted for a nation producing cotton and jute.Which of the following will cause a parallel rightward shift of the production possibilities curve?

• A) The invention of a new fertilizer that increases cotton production by 10 percent, without any effect on jute production
• B) The invention of a new fertilizer that increases jute production by 5 percent, without any effect on cotton production
• C) The invention of a new fertilizer that increases the production of both cotton and jute by 10 percent
• D) A twofold increase in the price of all cotton products and a threefold increase in the price of all jute products

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Definitions:

Self-Serving Attributions

A cognitive bias where individuals attribute their successes to internal or personal factors while attributing failures to external or situational factors.

Implicit Prejudice

Negative attitudes or affective reactions associated with an outgroup, for which the individual has little or no conscious awareness and which can be automatically activated in intergroup encounters.

Unconsciously

The process of thoughts, feelings, or behaviors occurring without conscious awareness or intention by the individual.

Negative Attitudes

Refers to an unfavorable evaluative stance toward a person, group, concept, or object, often based on prejudgment or negative beliefs.