A PPF Is More Likely to Be a Downward-Sloping Curve

question 2

Multiple Choice

A PPF is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping straight line because most resources are

• A) better suited for the production of some goods than others.
• B) used efficiently.
• C) relatively cheap at low levels of output.
• D) used to produce consumption goods.

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Definitions:

Pancreas

An organ in the body involved in the regulation of blood sugar levels and digestion through the production of enzymes and hormones like insulin.

Primary-process Thought

A mode of thinking that is driven by the unconscious mind, where logic is not linear and reality is not strictly adhered to, often found in dreams and fantasies.

Secondary-process Thought

Mature thought processes needed to deal rationally with the external world.

Ego Psychology

A school of psychoanalytic thought focused on the functions of the ego in dealing with the demands of the external world, inner desires, and self-esteem.