The Optimal Mix of Output May Not Be Produced by an Economy

question 5

Multiple Choice

The optimal mix of output may not be produced by an economy because of the existence of

• A) Inequity.
• B) Internalities.
• C) Public goods.
• D) Production possibilities.

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Definitions:

Goals Of Psychology

The aims of psychology are to describe, explain, predict, and control behavior and mental processes.

Describe

The act of giving a detailed account or explanation of the characteristics, properties, or attributes of something.

Predict

The act of making an educated guess about the future based on current knowledge, data, or patterns.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.