A Movement from One Point on a Production Possibilities Frontier

question 194

Multiple Choice

A movement from one point on a production possibilities frontier to another represents

• A) a tradeoff.
• B) a free lunch.
• C) full employment of labor but not capital.
• D) unemployment.
• E) an advance in technology.

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Definitions:

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for non-compliance or poor performance.

Expert Power

The ability to influence the behavior of others through the amount of knowledge or expertise possessed by an individual on which others depend.

Personal Power

The capacity of an individual to influence others and control their own environment, arising from personal attributes and skills rather than formal authority.

Organizational Power

The capacity of individuals or groups within an organization to influence others or control resources.