The Production Possibilities Frontier Model Shows That

question 134

Multiple Choice

The production possibilities frontier model shows that

• A)if consumers decide to buy more of a product, its price will increase.
• B)a market economy is more efficient in producing goods and services than is a centrally planned economy.
• C)economic growth can only be achieved by free market economies.
• D)if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good.

Recognize how similarity, attractiveness, and other speaker characteristics influence persuasion.

Understand the relationship between fear appeals in persuasive messages and their effectiveness.

Comprehend the principles underlying attraction and friendship formation, including proximity and similarity.

Describe how situational factors such as making a large request before a small one can increase compliance.

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Definitions:

Unimodal

A distribution with a single peak or mode.

Skewed

Describes a distribution that is not symmetrical, with data points clustering more on one side of the mean than the other.

Symmetric

In mathematics, describing a shape or system that is identical in form on both sides of a central axis.

Histogram

A graphical representation of data that groups the data into ranges or bins and displays the frequency of data within each range using bars.