Exhibit 2-13 Production Possibilities Curve

question 77

Multiple Choice

Exhibit 2-13 Production possibilities curve
-In Exhibit 2-13, point D:

• A) is preferred to point A.
• B) is a point of maximum production for this economy this year.
• C) is not achievable this year because of limited resources.
• D) could result from some degree of unemployment of inefficiency.
• E) is preferred to point H.

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Definitions:

Limited Capacity

Refers to the finite amount of information or resources that a system or individual can handle at any given time.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, instead of merely repeating the term to oneself.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it within working memory or to encode it for long-term memory.

Retrograde Amnesia

A condition in which people lose the ability to access memories they had before a brain injury.