Consider a Production Possibilities Frontier with Corn on the Vertical

question 394

Multiple Choice

Consider a production possibilities frontier with corn on the vertical axis and cars on the horizontal. Unusually good weather for growing corn shifts

• A) the horizontal intercept rightward and the vertical intercept upward.
• B) the horizontal intercept rightward but does not shift the vertical intercept.
• C) the vertical intercept upward but does not shift the horizontal intercept.
• D) neither the horizontal intercept nor the vertical intercept.

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Definitions:

Self-Actualization

The process of actualizing one's inherent talents and possibilities, viewed as an essential urge or need across all individuals.

Inborn Potential

Refers to the natural skills, talents, or abilities that an individual is born with.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

Assignment

A task or piece of work allocated to someone as part of a job or course of study.