When a Production Possibilities Frontier Is Linear, What Does It

question 190

Multiple Choice

When a production possibilities frontier is linear, what does it show?

• A)a truer picture of real life than a bowed out production possibilities frontier
• B)that resources are perfectly shiftable from the production of one good to another
• C)an example of increasing opportunity cost
• D)An example of decreasing opportunity cost

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Definitions:

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The degree to which employees are encouraged to contribute ideas and participate in decisions that affect their work and the organization.

Ethical

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Top-level managers who are responsible for the overall direction and success of an organization, often including roles such as CEO, CFO, and COO.