Why Is a Production Possibilities Frontier Bowed Out (Concave)

question 200

Multiple Choice

Why is a production possibilities frontier bowed out (concave) ?

• A)The bowed shape reflects decreasing opportunity cost.
• B)The bowed shape indicates that opportunity cost at first increases at a decreasing rate,and then begins to increase at an increasing rate.
• C)The bowed shape indicates that opportunity cost at first decreases at a decreasing rate,and then begins to decrease at an increasing rate.
• D)The bowed shape reflects constant opportunity cost.
• E)The bowed shape reflects increasing opportunity cost.

Analyze the role of major international institutions (e.g., IMF, World Bank) in shaping global economic policies and their criticisms.

Comprehend the significant concepts and theories intertwined with globalization, such as social inequality and cultural homogenization.

Explore the effects of globalization on economic structures, including the movement of manufacturing jobs and the distribution of wealth.

Investigate the cultural impacts of globalization, including cultural diversity and homogenization.

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Definitions:

Observational Learning

A learning process in which individuals learn by watching the behaviors of others and the consequences of those behaviors.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.

Negative Punishment

The removal of a stimulus following a given behavior in order to decrease the frequency of that behavior.

Negative Reinforcement

A process in behavior modification that involves increasing the likelihood of a behavior by removing or avoiding an aversive stimulus as a consequence of the behavior.