Figure 2-7 -If an Economy Operates at Point a on the Production

question 33

Multiple Choice

Figure 2-7
-If an economy operates at point A on the production possibilities curve shown in Figure 2-7,

• A) to produce more food, it would have to reduce its production of clothing.
• B) to produce more clothing, it would have to reduce the production of food.
• C) it is operating efficiently.
• D) all of the above would be correct.

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Definitions:

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often requiring planning for multiple outcomes.

Extinction

the process through which a conditioned response is diminished or eliminated, often due to the conditioned stimulus being presented without the unconditioned stimulus.

Spontaneous Recovery

The reappearance of a conditioned response after a period of lessened response.

Unconditioned Response

An automatic reaction to a stimulus that occurs naturally, without prior learning or conditioning.