MATCHING -Scottsboro Case

question 26

Multiple Choice

MATCHING
-Scottsboro case

• A)investigated disloyalty
• B)hydroelectric project
• C)International Labor Defense
• D)radio address
• E)federally backed reform or progress
• F)drought-struck area around Oklahoma and Texas
• G)Roosevelt's first action
• H)recognized labor unions
• I)communists
• J)minimum retirement program
• K)blue eagle
• L)relief for young men

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Definitions:

Production Possibilities

Different combinations of goods and services that an economy can produce using all of its resources efficiently.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Increasing Costs

This refers to a situation where the costs of production increase as the output level increases, often seen in industries with limited resources.

Production Efficiencies

Occurs when a firm or economy can no longer produce additional amounts of a good without lowering the production level of another product.