The Following Graph Shows the Production Possibilities Curve for the Economy

question 146

Multiple Choice

The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year. With the opportunity to trade, Silvia can trade all the computers she can produce per year if she specializes in producing computers, for ________ pounds of beef.

• A)2,000
• B)3,000
• C)4,000
• D)6,000

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Definitions:

High Status

A position that garners substantial prestige, respect, and esteem within a societal or organizational hierarchy.

Social Cognitive Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others, in addition to the influence of beliefs, expectations, and intentions.

Self-Efficacy Beliefs

An individual’s belief in their ability to succeed in specific situations or accomplish a task.

Positive Reinforcement

A motivational technique that involves rewarding a desired behavior to encourage its recurrence.