If Available Resources Are Being Used Efficiently

question 32

Multiple Choice

If available resources are being used efficiently,

• A)a society can increase the production of one good or service only by decreasing the production of some other good or service.
• B)society need no longer worry about tradeoffs.
• C)a society can increase the production of one good or service only by increasing the production of some other good or service.
• D)resources are no longer limited.
• E)scarcity is no longer a problem.

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Definitions:

Sensory Modality

Refers to the different ways in which sensory information is processed by the human body, including vision, hearing, touch, taste, and smell.

Sensory Memories

The shortest-term element of memory, which stores impressions of sensory information after the original stimuli have ended.

Short-Term Memory

The component of memory that holds a small amount of information in consciousness for a brief period.

Parallel

Occurring or existing at the same time or in a similar manner, often used in computing to describe processes that are carried out simultaneously.