Production Possibilities -In the Above Table, the Production of 3 Pizzas and of 3

question 84

Multiple Choice

Production possibilities

-In the above table, the production of 3 pizzas and 80 cases of cola is

• A) feasible but would involve unemployed or misallocated resources.
• B) possible only if there is inflation.
• C) possible only if the economy produces with maximum efficiency.
• D) impossible unless more resources become available or technology improves.

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Definitions:

Crises

Times of intense difficulty, trouble, or danger, characterized by a need for decisive action to resolve the situation.

Reality Principle

A psychoanalytic concept where an individual learns to assess the external world and act in a way that is appropriate to societal norms, as opposed to acting on the pleasure principle.

Gratification

The feeling of pleasure or satisfaction obtained from achieving something or having one's needs fulfilled.

Personality

A mix of personal qualities and features that establish a person's distinct identity.