The Production Possibilities Curve Demonstrates the Basic Economic Principle That

question 173

Multiple Choice

The production possibilities curve demonstrates the basic economic principle that:

• A) market-based economies are more efficient.
• B) supply will determine demand in the economy.
• C) the production of more capital goods this year will cause the economy to produce less consumption goods next year.
• D) to produce more of any one thing, assuming full employment, the economy must produce less of something else.
• E) to produce more consumption goods this year requires the production of more capital goods this year.

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Definitions:

Fear Hierarchy

A list of fears, arranged from least to most intense, used in therapies such as systematic desensitization to help individuals overcome phobias and anxiety disorders.

Therapy Session

A structured period of time in which a patient works with a therapist to address psychological issues and work towards mental health goals.

Fearful Stimulus

Any object, event, or situation that elicits a fear response in an individual.

Serious Psychological Disorder

A significant mental health condition that impacts an individual's thinking, feeling, mood, ability to relate to others, and daily functioning.