A Country That Must Decrease Production of One Good in Order

question 302

Multiple Choice

A country that must decrease production of one good in order to increase the production of another

• A) must be using resources inefficiently.
• B) must be producing on its production possibilities frontier.
• C) must be producing beyond its production possibilities frontier.
• D) must have private ownership of property.

---

Definitions:

Procedural Memory

Memory for skills.

Long-term Memory

A type of memory capable of storing information for an extended period of time, from hours to a lifetime.

Short-term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.

Rehearsal

A practice session in preparation for a public performance (as of a play or speech) or a process in memory retention involving the repetition of information.