One of the Assumptions Underlying the Production Possibilities Curve Is

question 298

Multiple Choice

One of the assumptions underlying the production possibilities curve is that

• A) at least one of the factors of production is a free good.
• B) the quantity of the resources available for the production of economic goods is fixed over a given time period.
• C) there is at least one factor of production that is employed inefficiently.
• D) some of the factors of production are not being used.

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Definitions:

Psychologists

Professionals trained in the science of behavior and mental processes who provide insights and interventions for mental health and well-being.

Inexpensive

Costing little money; affordable or budget-friendly.

Culturally Appropriate

Actions, behaviors, or practices that are considerate and respectful of the cultural norms and values of others.

APA Ethics Code

A set of guidelines and standards established by the American Psychological Association to ensure ethical practice in the field of psychology.