Suppose You Find a Production Possibilities Frontier (PPF)that Is Shaped

question 71

Multiple Choice

Suppose you find a production possibilities frontier (PPF) that is shaped like a straight line.What can you determine about the production of the two goods?

• A) Production of the two goods is subject to decreasing relative cost.
• B) Production of the two goods is subject to increasing relative cost.
• C) Production of the two goods is subject to constant opportunity cost anywhere along the PPF.
• D) One producer must have an absolute advantage in production.
• E) More resources will not cause the PPF to shift.

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Definitions:

Strong Motivator

A powerful influence or stimulus that encourages individuals to perform actions or achieve goals.

Smaller Steps

A strategy involving breaking down goals into manageable, smaller tasks to improve the likelihood of accomplishment.

Recognition Need

The human desire to be acknowledged and valued by others, particularly in the context of one's contributions or achievements.

Meritorious Behavior

Actions or conduct deserving praise and reward, often associated with high standards of performance or ethics.