Production Possibility Frontiers

question 177

Multiple Choice

Production possibility frontiers:

• A)illustrate the production choices available to an economy.
• B)assume full employment but not maximum efficiency.
• C)assume maximum efficiency but not full employment.
• D)are used to illustrate the law of decreasing opportunity costs.

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Definitions:

Adaptation

The process by which an organism or species becomes better suited to its environment through changes in physical form, function, or behavior.

William James

An American philosopher and psychologist, regarded as one of the founding figures of modern psychology.

Psychological Disturbances

Disorders of thought, mood, or behavior that may impair the ability of an individual to function in ordinary life.

Unconscious Level

Mental processes and contents that occur without conscious awareness, influencing thoughts, feelings, and behaviors.