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The Process by Which Our Senses Adjust to Varying Levels

question 34

Multiple Choice

The process by which our senses adjust to varying levels of stimulation to allow them to operate as sensitively as possible without becoming overloaded is called ________.


Definitions:

Production Efficiency

A situation where the economy is utilizing all of its resources efficiently, producing what people want at the lowest possible cost.

Production Possibility Frontier

Describes the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.

Ppf

Production Possibility Frontier, a curve depicting all maximum output possibilities for two or more goods given a set of inputs.

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