The Production Possibilities Curve Illustrates the Basic Principle That

question 4

Multiple Choice

The production possibilities curve illustrates the basic principle that

• A) an economy's capacity to produce increases in proportion to its population.
• B) if the resources of an economy are being used efficiently, more of one good can be produced only if less of another is produced.
• C) an economy will automatically seek the output at which all of its resources are fully employed.
• D) the distribution of income among households is the major determinant of the economic welfare of a nation.

---

Definitions:

Violence

The use of physical force with the intent to injure, damage, or destroy, often associated with conflict and aggression.

Speakers

Individuals who express thoughts, ideas, or information verbally to an audience, often in structured settings like conferences or legislative bodies.

War on Poverty

A set of government programs initiated in the 1960s in the United States aimed at reducing poverty by improving living conditions, education, and employment opportunities.

Great Society

A set of domestic programs launched by President Lyndon B. Johnson in the 1960s aimed at eliminating poverty and racial injustice, and to improve education, healthcare, and welfare in the United States.