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If a country is producing efficiently and is on the production possibilities frontier, the only way to produce more of one good is to produce less of the other.
Referent Power
A form of influence based on the leader's personal traits and the followers' identification with, admiration for, or respect for the leader.
Expert Power
A form of influence that stems from an individual's recognized knowledge, skills, or experience in a specific area.
High Power Distance
A societal characteristic indicating how much individuals at lower levels of power within organizations and institutions recognize and anticipate that power will be allocated unevenly.
Legitimate Power
Is the authority that an individual or leader possesses due to their position or role within an organization, which is recognized and accepted by others.
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