It Is Possible for an Economy to Increase Its Production

question 44

Multiple Choice

It is possible for an economy to increase its production of both goods if the economy

• A)moves downward and to the right along its production possibilities frontier and the frontier is bowed outward.
• B)moves upward and to the left along its production possibilities frontier and the frontier is bowed outward.
• C)moves in either direction along its production possibilities frontier and the frontier is a straight line.
• D)moves from a situation of inefficient production to a situation of efficient production.

Acquire knowledge on the application and effectiveness of expectancy theory in improving workplace motivation.

Learn the basic terminology and mechanisms of expectancy theory.

Understand goal-setting strategies, including breakdown of long-term goals into short-term objectives.

Grasp the importance of knowledge and skill acquisition in goal setting.

---

Definitions:

Square

A geometric shape with four equal sides and four right angles, also used to describe the operation of multiplying a number by itself.

X-intercept

The point at which a graph intersects the x-axis.

Y-intercept

The point where a graph crosses the y-axis, represented by the coordinates (0,y).

Estimate

The determination of an approximation of a result which is not necessarily exact, but within acceptable bounds of accuracy.