The Concept of Opportunity Cost in a Fully Employed Economy

question 184

Multiple Choice

The concept of opportunity cost in a fully employed economy with technology and resources held constant tells us that

• A)expansion of output in one industry means expansion cannot occur in another industry.
• B)expansion of output in one industry means output in another industry must contract.
• C)output cannot be increased in any industry.
• D)output of all industries must contract until more resources are found.

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Definitions:

Nurse Call Device

A system used in healthcare facilities that allows patients to alert nursing staff for assistance.

Patient Independence

The ability of a patient to manage their health and daily living activities without assistance from healthcare providers.

Nursing Assistive Personnel

Staff who assist in the delivery of nursing and healthcare services by performing tasks under the guidance of qualified nurses, helping with patient care activities.

Closed Head Injury

A type of traumatic brain injury where the skull remains intact but the brain is damaged, often due to sudden motion or impact.