Think of the Production Possibilities Frontier (PPF)model

question 114

Multiple Choice

Think of the production possibilities frontier (PPF) model.When society is producing the largest possible output from its resources,it is operating

• A) inefficiently.
• B) efficiently.
• C) with no opportunity cost.
• D) inside (within)the PPF.
• E) beyond its opportunity cost.

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Definitions:

Human Behavior

The range of actions and mannerisms made by individuals and influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and genetics.

Situational Forces

External circumstances or environments that influence individuals' behavior and decisions.

Self-actualization

The realization or fulfillment of one's talents, potential, and capabilities, considered as the ultimate goal of personal development.

Hierarchy

A structure or entity where participants or factions are arranged in sequential order of superiority or command.