Which of the Following Is NOT True Regarding the Production

question 109

Multiple Choice

Which of the following is NOT true regarding the production possibilities frontier (PPF) ?

• A) The PPF shows the combination of goods that a country can produce given its current productivity and supply of resources.
• B) The PPF illustrates the trade-offs that exist in the production of goods.
• C) The PPF shows us that gains from trade are maximized when countries produce goods for which they have an absolute advantage in production.
• D) The PPF illustrates the fundamental ideas of scarcity and opportunity cost.

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Definitions:

Cognitive Dissonance

The psychological unease felt by an individual harboring two or more conflicting beliefs, ideas, or values simultaneously.

Death Penalty

A legal punishment where a person is put to death by the state as a consequence for a crime.

Pro-Death Penalty

Support for capital punishment, which involves executing individuals as a penalty for severe crimes.

Dissonance Theory

A theory suggesting that inconsistency among beliefs or behaviors causes an uncomfortable psychological tension that people are motivated to reduce.