When Society Must Decrease the Production of Something in Order

question 99

Multiple Choice

When society must decrease the production of something in order to produce more of another good or service,society has necessarily achieved

• A) only production efficiency.
• B) only allocative efficiency.
• C) both production efficiency and allocative efficiency.
• D) a free lunch.
• E) the maximum opportunity cost..

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An approach in psychology that emphasizes internal mental processes as the key to understanding human behavior.