FIGURE 1-5 Refer to Figure 1-5

question 71

Multiple Choice

FIGURE 1-5 Refer to Figure 1-5.Suppose the relevant production possibilities boundary is the one labelled B.This boundary implies that

• A)the concept of opportunity cost is not at work in this economy.
• B)the opportunity cost of producing either capital goods or consumer goods does not depend on how much of each good is produced.
• C)consumer goods are preferred to capital goods.
• D)in this society,the resources are not efficiently employed.
• E)capital goods are preferred to consumer goods.

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Definitions:

Colonial Expansion

The process by which a country extends its control and influence into new territories, often through colonization for economic, political, or military reasons.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an individual makes associations between certain behaviors and their consequences.

Primary Reinforcement

A type of reinforcement that satisfies a basic biological need, such as food for hunger or water for thirst.

Bed-wetting

Involuntary urination during sleep, commonly seen in children.