Figure 2.2 -Refer to Figure 2.2. Steve Vignetto Raises Cattle and Llamas

question 29

Multiple Choice

Figure 2.2

-Refer to Figure 2.2. Steve Vignetto raises cattle and llamas on his land. A portion of his land is more suitable for raising cattle, and the other portion is better suited for raising llamas. Which of the graphs in Figure 2.2 represents his production possibility frontier?

• A)Graph A
• B)Graph B
• C)Graph C
• D)either Graph B or Graph C

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Definitions:

Barnum Effect

The tendency for individuals to see themselves in vague, stock descriptions of personality that could apply to many people.

Barnum Effect

The phenomenon whereby individuals believe that vague, general statements about personality are highly accurate for them personally, often used in psychics and horoscopes.

Consistent Tendency

A regular or habitual pattern of behavior or thought that is reliably observed across different situations and over time.

Shy

A personality trait characterized by feelings of tension and discomfort in social situations.