Two Reasons Why an Economy Might Operate Inside of Its

question 114

Multiple Choice

Two reasons why an economy might operate inside of its production possibilities frontier are

• A) productive efficiency and technological change
• B) depressions and inflation
• C) recessions and productive inefficiency
• D) opportunity costs and substitutability of resources used in production
• E) productive inefficiency and a decrease in the state of technology

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Definitions:

Advisor

An individual providing guidance and advice, often in educational, professional, or financial contexts.

Feedback

Information provided as a response to an action or behavior, intended to guide future improvements or adjustments.

Low Role Ambiguity

A situation in which job roles and responsibilities are clearly defined, leading to less confusion and higher productivity among employees.

Accountability

The obligation to explain, justify, and take responsibility for one's actions, ensuring transparency and trustworthiness.