Any Point on the Production Possibility Frontier Is

question 283

Multiple Choice

Any point on the production possibility frontier is

• A) attainable and might be allocatively inefficient.
• B) attainable and must be allocatively efficient.
• C) less production efficient than a point in the interior of the PPF.
• D) always allocatively efficient but might or might not be production efficient.
• E) always production efficient and always allocatively efficient.

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Definitions:

Reaction Range

A concept in genetics that the phenotype (expressed traits) of an individual varies within a range, determined by environmental conditions on the genotype.

Bodily-kinesthetic

The capacity to manipulate objects and use a variety of physical skills effectively.

Manual Dexterity

The skill and ease in using the hands, often required for tasks involving small, precise movements.

Gardner's Eight Intelligences

A theory that proposes eight different forms of intelligence, such as linguistic, logical-mathematical, and musical, that individuals possess in varying degrees.