The Production Possibilities Curve Shows That

question 22

Multiple Choice

The production possibilities curve shows that:

• A) some of one good must be given up to get more of another good in an economy that is operating efficiently.
• B) no output combination is impossible.
• C) an economy that is operating efficiently can have more of one good without giving up some of another good.
• D) scarcity can be eliminated.

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Definitions:

Serve and Influence

The concept of using one’s position or skills to benefit others and create positive change in their environment or society.

Descriptive

Pertaining to the act of describing or providing an account of something without expressing a judgment or assigning value.

Prescriptive

Providing recommendations or rules on what should be done in specific situations, often based on theories or research findings.

Spears's Characteristics

Refers to the core traits and behaviors identified by Larry C. Spears that are essential to servant leadership, highlighting qualities like empathy, awareness, and commitment to the growth of people.