When an Economy Is Operating Efficiently, the Production of More

question 207

Multiple Choice

When an economy is operating efficiently, the production of more of one good will result in the production of less of some other good because

• A) consumers do not want more of both goods.
• B) resources are limited (scarce) and efficiency implies that all are already in use.
• C) the production possibilities curve shifts inward as more of one good is produced.
• D) technological improvement can only improve the production of a single good.

---

Definitions:

Psychological Goal

A desired outcome or aim concerning an individual's mind, emotions, or behavior that they work towards achieving.

Attachment

The emotional bond that forms between individuals, typically starting from a young age, influencing future relationships.

"Sexy Son" Hypothesis

A theory in evolutionary biology suggesting that females may benefit from mating with attractive males because their offspring, particularly sons, are likely to inherit attractiveness and have greater reproductive success.

Reproductive Strategy

A biological concept referring to the behaviors and mechanisms organisms use to produce offspring and ensure their survival.