Table 2.1.1 The Following Table Gives Points on the Production Possibilities Frontier

question 145

Multiple Choice

Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.

-Refer to Table 2.1.1. As we increase the production of X,

• A)the amount of Y that is given up for each additional unit of X decreases.
• B)the output of Y increases.
• C)the opportunity cost of each additional unit of X increases.
• D)unemployment increases.
• E)the amount of X increases at an increasing rate.

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Definitions:

Anomie

A societal condition characterized by a breakdown or absence of social norms and values, often leading to feelings of alienation and purposelessness.

Thanatos

In Freudian psychology, a death drive, or an instinct of destruction that coexists with the life drive.

Schizophrenia

A chronic mental health disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Increased Competition

A market condition where there is a rise in the number of competitors offering similar products or services, which can lead to price reductions and innovation.