If an Economy Is Fully Utilizing Its Resources,it Can Produce

question 152

Multiple Choice

If an economy is fully utilizing its resources,it can produce more of one product only if it

• A) doubles manufacturing of the product.
• B) produces less of another product.
• C) adds more people to the labor force.
• D) reduces the prices of the most expensive products.

---

Definitions:

Blocking

A technique in experimental design used to remove the effects of confounding variables by grouping subjects that are similar in some way.

Five-point Scale

A scale commonly used in surveys and questionnaires that offers five possible responses to a question, often ranging from "Strongly Agree" to "Strongly Disagree".

Bottled Water

Water that is packaged in plastic or glass bottles, often purified or sourced from springs or artesian wells.

Blocking

A method in experimental design to reduce variance by grouping experimental units with similar characteristics together and then randomly assigning treatments within these groups.