When an Economy Produces at Its Allocatively Efficient Production Point

question 61

Multiple Choice

When an economy produces at its allocatively efficient production point,

• A) a society can increase the production of all goods.
• B) scarcity is not a problem.
• C) resources are not limited.
• D) a society can increase the production of one good only by decreasing the production of some other good that is valued more highly.

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Definitions:

Paralanguage

The aspects of spoken communication that do not involve words but do affect meaning, such as tone, pitch, and speed of speaking.

Culturally Patterned

Behaviors, beliefs, or norms that are systematically organized and shared by a group, shaping their way of life.

Animal Communication

The transfer of information between animals of the same species or different species through various means such as sounds, gestures, or chemical signals.