If a Society Is Operating on Its Production Possibilities Frontier,and

question 47

Multiple Choice

If a society is operating on its production possibilities frontier,and then decides to produce less health care,

• A) its standard of living will fall
• B) its standard of living will improve
• C) some of its resources will become unemployed
• D) it will be able to produce more of some other good or service
• E) the opportunity cost of producing health care will rise

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Definitions:

Consumer Behaviours

The actions and decision processes of individuals or groups in purchasing and using products or services.

Attitude

A mental inclination shown through the assessment of a specific entity either positively or negatively.

Value-Expressive Function

A function of attitudes or behaviors that expresses an individual's central values and self-concept.

Utilitarian Function

The practical and functional aspects of products or behaviors that fulfill basic needs or provide tangible benefits to the user.