If the Labor Force in an Economy Is Not Fully

question 123

Multiple Choice

If the labor force in an economy is not fully employed,then

• A) the economy is operating outside of its production possibilities frontier
• B) the economy is operating on its production possibilities frontier
• C) there must have been an increase in technology to compensate for the labor shortage
• D) the opportunity cost of producing more of one good is negative
• E) the economy is operating inside its production possibilities frontier

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Definitions:

Projective Test

A psychological assessment tool where ambiguous stimuli, such as pictures or patterns, are presented to individuals to elicit responses that reveal aspects of their personality.

Situational Factors

External influences that can affect an individual's behavior, decisions, or performance in a given environment.

Achievement Behaviour

Actions directed towards the attainment of goals, success, or accomplishments, often motivated by personal or societal standards.

Incentive Value

The perceived attractiveness or desirability of a reward or outcome, which motivates behavior toward achieving it.