The Three Diagrams Below Each Show a Supply Curve for Oil

question 16

Multiple Choice

The three diagrams below each show a supply curve for oil tankers over a relatively short period of time. FIGURE 13-3
-Refer to Figure 13-3.Consider oil tankers as a factor of production (for example,for the production of gasoline) .Which diagram shows the most mobility of this factor of production?

• A)diagram 1
• B)diagram 2
• C)diagram 3
• D)none of the diagrams
• E)each diagram shows mobility

---

Definitions:

Human Nature

The fundamental dispositions and characteristics, including ways of thinking, feeling, and acting, that are commonly shared among humans.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health.

Good

A moral quality or action that is considered beneficial, virtuous, or valuable.

Self-actualized Persons

Individuals who have achieved the highest level of psychological development, realizing their full potential and living with a sense of purpose and inner peace.