If an Economy Is Operating at a Point Inside the Production

question 38

Multiple Choice

If an economy is operating at a point inside the production possibilitiesfrontier, then

• A)some of the nation's resources are unemployed
• B)the production decisions are made by the government
• C)unlimited resources must satisfy scarce desires
• D)there is a scarcity of human resources relative to human wants therefore society must have some
• Mechanism for making choices
• E)society is paying too much for wages

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Definitions:

Operational Definitions

Specifications of the procedures or operations used to measure or manipulate a variable in research, making the variable empirically testable.

Double-blind Procedures

are experimental protocols where neither the participants nor the experimenters know who is receiving the treatment versus the control condition, to reduce bias.

Random Assignment

A method used in experiments to place participants into groups in a way that each participant has an equal chance of being assigned to any group, ensuring unbiased distribution.

Naturalistic Observation

A research method where subjects are observed in their natural environment without any manipulation by the observer.