An Economy's Product- Mix Is Said to Be Efficient If

question 46

Multiple Choice

An economy's product- mix is said to be efficient if:

• A)all MRSs are the same with the MRT.
• B)there is efficiency in production.
• C)there is efficiency in consumption.
• D)there is efficiency in both production and consumption.

---

Definitions:

James-Lange Theory

A theory of emotion that suggests emotions occur as a result of physiological reactions to events.

Cannon-Bard Theory

A theory in psychology suggesting that emotional experiences occur simultaneously with physiological responses, rather than one causing the other.

Tranquilizing Drugs

Medications used to reduce tension or anxiety, often by depressing central nervous system activity.

Sympathetic Nervous system

Part of the autonomic nervous system that prepares the body for rapid action in response to stress by accelerating heart rate, dilating pupils, and other physiological changes.