Which Statement Is True About the Slope of a 'Production

question 52

Multiple Choice

Which statement is true about the slope of a 'production possibility frontier'?

• A)It has no economic relevance or meaning.
• B)It is always constant.
• C)It measures the opportunity cost of producing one more unit of a good.
• D)It is always varying.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.