If an Economy Is Producing a Level of Output That

question 171

Multiple Choice

If an economy is producing a level of output that is on its production possibilities curve, the economy

• A) has idle resources.
• B) has idle resources but is using resources efficiently.
• C) has no idle resources but is using them inefficiently.
• D) has no idle resources and is using resources efficiently.

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Definitions:

Social Unrest

Public expressions of dissatisfaction, often involving protests or demonstrations, due to perceived injustices or government actions within a society.

Relative Deprivation

The perception of being worse off relative to some standard or compared to others, which can lead to feelings of injustice or dissatisfaction.

Egoistic

Pertaining to self-interest or selfishness, often characterized by actions prioritizing one's own benefits over others'.

Egoistically Deprived

Feeling of lacking personal benefits or self-interests, potentially leading to negative emotional states.