Refer to the Information Provided in Figure 2

question 181

Multiple Choice

Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow. Figure 2.1
-Refer to Figure 2.1. The shape of Macroland's production possibility frontier shows

• A) increasing opportunity costs.
• B) constant opportunity costs.
• C) decreasing opportunity costs.
• D) random opportunity costs.

---

Definitions:

Sportsmanship

The practice of playing fair, following the rules of the game, and showing respect for opponents, teammates, and officials.

Cross-Cultural Teams

Teams made up of members from different cultural backgrounds working together towards a common goal.

Virtual Teams

Groups that interact primarily through electronic means, with little, if any, in-person contact.

Globalization

The tendency of firms to extend sales, ownership, and/or manufacturing to new markets abroad.