A Production Possibility Graph Slopes Down Because Of

question 86

Multiple Choice

A production possibility graph slopes down because of:

• A) the law of increasing costs.
• B) scarcity.
• C) inefficiency.
• D) unemployment.

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Definitions:

Cognitive Dissonance Theory

A psychological theory that suggests discomfort arises from holding two conflicting beliefs simultaneously, leading individuals to change their attitudes or beliefs to reduce discomfort.

Attracted To Partners

The phenomenon of feeling drawn towards other individuals for romantic or platonic relationships.

Behavioral Aggregation

The concept that predicts an individual's behavior over time and across different situations is more accurately understood when those behaviors are aggregated or collectively analyzed.

Effort Justification

A concept in social psychology that suggests individuals rationalize the effort or sacrifice they have made to achieve a goal or outcome, often valuing it more as a result.