The Production Possibilities Frontier Can Be Used to Illustrate All

question 91

Multiple Choice

The production possibilities frontier can be used to illustrate all of the following concepts,except one.Which is the exception?

• A) productive inefficiency
• B) opportunity cost
• C) the law of demand
• D) scarcity
• E) the law of increasing opportunity costs

---

Definitions:

Dual-income Families

Households in which both partners earn an income, typically through employment outside the home.

Personal Brand

The unique combination of skills, experiences, and personality that you want the world to see you as; it represents the image or impression that you can offer to others.

New Economy

A term referring to the shift from traditional industry that the Industrial Revolution brought through, to an economy based on information computerization.

Sedentary Behavior

Activities that involve minimal physical movement and exertion, typically resulting in low energy expenditure, such as sitting or lying down for extended periods.