The Production Possibilities Curve Illustrates the Basic Principle That

question 59

Multiple Choice

The production possibilities curve illustrates the basic principle that

• A) an economy's capacity to produce is unrelated to its population.
• B) if all the resources of an economy are being used efficiently, more of one good can be produced only if more of another good is produced.
• C) an economy will automatically move toward a point at which all of its resources are being used inefficiently.
• D) if all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.

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Definitions:

Modeling

A process in cognitive science and artificial intelligence that involves creating mathematical or computational representations of real-world phenomena.

Flooding

A behavioral therapy technique that involves exposing the person to their phobias or fears in a safe and controlled manner until the fear response is diminished.

Humanistic Approach

An approach to therapy centered around the idea that people must take responsibility for their lives and actions.

Psychodynamic Approach

A psychological perspective focusing on the unconscious mind and its influence on human behavior, rooted in Freudian theory.