Exhibit 2-15 Production Possibilities Curve

question 86

Multiple Choice

Exhibit 2-15 Production possibilities curve
In Exhibit 2-15, evidence of the law of increasing opportunity costs is:

• A) to get the first 10 capital goods, economy has to give up 2 consumption goods but to get the next 10 capital goods, the economy has to give up 8 consumption goods.
• B) the downward slope of the production possibilities curve.
• C) the amount of capital goods increases by 10 units as the economy moves from point J to point K to point L to point M to point N.
• D) the amount of capital goods increases by 10 units as the economy moves from point L to point G.

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Definitions:

Reproductive Intervention

Medical and technological procedures aimed at aiding individuals or couples in conceiving and sustaining pregnancies.

Episiotomy

An incision sometimes made to increase the size of the opening of the vagina to allow the baby to pass.

Induced Labor

A medical procedure used to stimulate uterine contractions before natural labor begins, for various health reasons concerning the mother or baby.

Braxton-Hicks Contraction

Irregular, often painless contractions that occur during pregnancy as the uterus prepares for childbirth; sometimes referred to as "false labor."