A Movement from One Point on a Production Possibilities Frontier

question 194

Multiple Choice

A movement from one point on a production possibilities frontier to another represents

• A) a tradeoff.
• B) a free lunch.
• C) full employment of labor but not capital.
• D) unemployment.
• E) an advance in technology.

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Definitions:

Predictor Variable

In statistical analysis, it is a variable that is utilized to predict the score of another variable, often referred to as the outcome or dependent variable.

Criterion Variable

The dependent variable in an experimental design, which is influenced or predicted by other variables.

Mediator Variable

A variable that explains the mechanism through which an independent variable influences a dependent variable in a causal relationship.

Predictor Variable

A variable, often designated as the independent variable, that is used to make predictions about (or is assumed to cause) changes in another variable.