Refer to the Above Diagrams

question 176

Multiple Choice

Refer to the above diagrams.The solid lines are production possibilities curves; the dashed lines are trading possibilities curves.The data contained in the production possibilities curves are based on the assumption of:

• A)imperfect substitutability of resources as between beer and pizza production.
• B)constant costs.
• C)decreasing costs.
• D)increasing costs.

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Definitions:

Convergent Thinking

Form of thinking that searches for a single answer to a question (such as 2+2=?); contrasts with divergent thinking.

Divergent Thinking

Form of thinking that searches for multiple solutions to a problem (how many ways can a pen be used?); contrasts with convergent thinking.

Traditional Intelligence Tests

Standardized assessments designed to measure a person's intellectual abilities in various areas, such as logical reasoning, problem-solving, and verbal comprehension.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions, often leading to novel or unconventional outcomes.