When an Economy Is Operating with Maximum Efficiency, the Production

question 33

Multiple Choice

When an economy is operating with maximum efficiency, the production of more of commodity A will entail the production of less of commodity B because

• A)resources are specialized and cannot be easily reallocated.
• B)resources are limited.
• C)the structure of demand is fixed at any point in time.
• D)material wants are insatiable.

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Definitions:

Reinforcement

In psychology, a consequence that strengthens an organism's behavior whenever that behavior is preceded by a specific antecedent stimulus.

Positive Behaviors

Actions or conduct that are considered beneficial, constructive, or promoting well-being and positive outcomes.

Secondary Reinforcers

Stimuli that become rewarding through their association with primary reinforcers, such as praise or money.

Organizations

Groups of individuals structured and coordinated to achieve specific goals or perform tasks together under shared rules and guidelines.