A Production Possibilities Curve Always Slopes Downward to the Right

question 5

Multiple Choice

A production possibilities curve always slopes downward to the right because resources

• A)are not scarce.
• B)have no opportunity cost.
• C)are freely available.
• D)are limited.
• E)are not related to outputs.

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Definitions:

Instrumental Conditioning

A method of modifying the intensity of a behavior through the use of either rewards or penalties.

Reinforcement Schedule

A strategy in behavioral psychology that determines how and when a response will be rewarded to encourage certain behavior.

Socializing Agent

Individuals, groups, or institutions that play a significant role in integrating people into society by teaching social norms, values, and beliefs.

Effectiveness

The degree to which something is successful in producing a desired result; efficiency.