Improvements in and Greater Stocks of Land, Labor, Capital, and Entrepreneurial

question 69

Multiple Choice

Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity will shift the production possibilities curve:

• A)​outward, such that more goods and services can be produced.
• B)​outward, such that the cost-of-living rises.
• C)​inward, such that the marketplace experiences a decrease in price and output levels.
• D)​inward, because more resources will be used up and not renewed.

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Definitions:

Misused Power

Instances where authority is used inappropriately or unethically, often leading to unfair outcomes or abuses of rights.

Charismatic Leader

An individual who inspires and motivates followers through their personal vision, rhetoric, and enthusiastic engagement rather than through formal authority or power.

Overconfidence

A cognitive bias characterized by an individual's belief that they are more capable or knowledgeable than reality suggests.

Attribution Theory

A psychological theory focused on how people attempt to understand cause-and-effect relationships, particularly the reasons behind behaviors.