A Production Possibilities Curve Indicates That When Resources Are Being

question 37

Multiple Choice

A production possibilities curve indicates that when resources are being used efficiently,

• A) you can only produce more of one good only if you lower its price.
• B) you can only produce more of one good only if you produce more of another good.
• C) you can only produce more of one good only if you produce less of another good.
• D) it is impossible to expand the total output of goods over time.

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Definitions:

Personal Relevance Theory

The hypothesis that people pay more attention to and are more likely to remember information that they find personally relevant or meaningful.

Psychological Reactance

A behavioral response to perceived threats to one’s autonomy, often resulting in opposition to being controlled.

Boomerang Effect

A situation where the opposite of the intended effect occurs, especially in a social or psychological context, such as when trying to persuade results in resistance.

Negative Attitude Change

The process by which an individual's positive feelings about an object, person, or idea shift to become more negative.