Moving from a Point Inside the Production Possibilities Frontier to a Point

question 166

Multiple Choice

Moving from a point inside the production possibilities frontier to a point on the production possibilities frontier,the opportunity cost of producing more of the good on the horizontal axis

• A) increases.
• B) decreases.
• C) is constant.
• D) is 0.
• E) is infinite.

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Definitions:

Role

A set of expected behaviors, rights, obligations, and norms associated with a social position or status.

Status

A term referring to the relative social, professional, or other standing of someone or something.

Superego

In psychoanalytic theory, the part of the personality that acts as a moral center, imposing ethical standards and social conformity.

Unconscious

The part of the mind that contains thoughts, memories, and desires not within current conscious awareness.