The Production Possibility Frontier Shows

question 10

Multiple Choice

The Production Possibility Frontier shows:

• A) What customers want to buy.
• B) What a firm can produce.
• C) The maximum combinations of products an economy can produce with its available resources.
• D) The minimum outputs of products that can be produced at any moment.

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Definitions:

Security Needs

Basic human requirements for safety and protection from physical or emotional harm.

Esteem Needs

In Maslow's hierarchy of needs, these are the fourth level, including respect, self-esteem, status, recognition, strength, and freedom.

Physiological Needs

The basic, essential requirements for human survival, such as food, water, shelter, and air, which are the foundation of Maslow's hierarchy of needs.

Affiliation Needs

Refer to an individual's need to build and maintain relationships or be part of groups.