If a Production Possibilities Boundary Is a Curve Concave to the Origin

question 25

Multiple Choice

If a production possibilities boundary is a curve concave to the origin and not a straight line,then:

• A) resources are equally suited to producing alternative products.
• B) resources are not equally suited to producing alternative products.
• C) resources are perfectly interchangeable to alternative uses.
• D) there are unemployed resources.

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Definitions:

Conforming Behavior

Actions that align with the norms, values, or expectations of a social group or society.

Group Pressure

The influence exerted by a group on individuals within it to align their behavior with the group’s norms.

Philip Zimbardo

Philip Zimbardo is a psychologist renowned for his research on social psychology, particularly the Stanford prison experiment, which explored the effects of perceived power and environment on behavior.

Group Pressure

The influence exerted by a group that encourages conformity of behavior and belief.