A Production Possibilities Frontier with a Bowed-Outward Shape Indicates

question 180

Multiple Choice

A production possibilities frontier with a bowed-outward shape indicates

• A)the possibility of inefficient production.
• B)constant opportunity costs as more and more of one good is produced.
• C)increasing opportunity costs as more and more of one good is produced.
• D)decreasing opportunity costs as more and more of one good is produced.

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Definitions:

Elaborative Rehearsal

Using working memory processes to think about how new information relates to yourself or your prior knowledge (semantic information); provides deeper encoding of information for more successful long-term storage.

Dual Coding

A theory suggesting that information is stored in both verbal and visual forms to facilitate memory retention.

Working Memory

A cognitive system responsible for temporarily holding information available for processing and manipulation.

Chunking

Using working memory to organize information into meaningful units to make it easier to remember.