The Production Possibilities Curve Illustrates the Basic Principle That

question 112

Multiple Choice

The production possibilities curve illustrates the basic principle that

• A)an economy's capacity to produce increases in proportion to its population.
• B)if all resources of an economy are in use, more of one good can be produced only if less of another is produced.
• C)an economy will automatically seek that output at which all of its resources are employed.
• D)no opportunity cost exists in production.

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Definitions:

Social Interaction

The dynamic process by which people communicate, act, and react in relation to others.

Babbling Stage

A stage in child language development characterized by the production of repetitive syllable sounds, such as "ba-ba" or "da-da," which occurs before the development of actual words.

Speech Sounds

The acoustic phonetic units used in language to convey meaning.

Adult Grammar

The set of rules and structures for sentence formation and language use that is characteristic of mature speakers of a language.