The Production Possibilities Curve Illustrates the Basic Principle That

question 59

Multiple Choice

The production possibilities curve illustrates the basic principle that

• A) an economy's capacity to produce is unrelated to its population.
• B) if all the resources of an economy are being used efficiently, more of one good can be produced only if more of another good is produced.
• C) an economy will automatically move toward a point at which all of its resources are being used inefficiently.
• D) if all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.

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Definitions:

Generalized Other

A concept in sociology that represents an individual's internalized view of the expectations of their society as a whole.

"I"

An aspect of the self that is conscious, subjective, and a reflective representation of one's own identity.

"Me"

A term used in sociology and psychology to refer to the social self or the part of an individual's personality composed of self-awareness and self-image.

Personal Sense

An individual's awareness and insight into their own identity, feelings, and thoughts.