Which of the Following Is NOT True About an Economy's

question 20

Multiple Choice

Which of the following is NOT true about an economy's production possibility curve (PPC) ?

• A) Consumers receive equal benefits from the consumption of either good.
• B) The PPC shows the maximum amount of any two goods that can be produced from a given quantity of resources.
• C) Tradeoffs between the production levels of the two goods occur along a PPC.
• D) Inefficient use of resources can cause production to occur at a point inside the PPC.

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Definitions:

Flooding

A psychological treatment method where a person is exposed to their phobia at its worst until the fear diminishes.

Specific Phobias

An irrational fear and avoidance of a particular object or situation that poses little to no actual danger.

Predisposition

A natural inclination or tendency to suffer from a particular condition or exhibit a particular behavior.

Phobic Reactions

Intense, irrational fears of specific objects or situations that lead to avoidance behavior and can significantly disrupt daily functioning.