The Production Possibilities Curve Illustrates

question 39

Multiple Choice

The production possibilities curve illustrates

• A)The limitations that exist because of scarce resources.
• B)That there is no limit to what an economy can produce.
• C)That there is no limit to the level of output.
• D)The existence of unlimited wants and resources.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Conditioned Stimulus

An initially neutral stimulus that, after association with an unconditioned stimulus, triggers a conditioned response.

Unconditioned Response

An automatic, innate reaction to a stimulus without prior learning or conditioning.

Positive Reinforcers

In behavioral psychology, stimuli that, when presented following a behavior, increase the likelihood of that behavior being repeated.