Which of the Following Trade-Offs Does the Production Possibilities Frontier

question 149

Multiple Choice

Which of the following trade-offs does the production possibilities frontier illustrate?

• A) if an economy wants to increase efficiency in production, then it must sacrifice equality in consumption
• B) once an economy has reached the efficient points on its production possibilities frontier, the only way of getting more of one good is to get less of the other
• C) for an economy to consume more of one good, it must stop consuming the other good entirely
• D) for an economy to produce and consume goods, it must sacrifice environmental quality

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Definitions:

Psychoanalytic

Pertaining to a theory and therapeutic approach developed by Sigmund Freud that emphasizes unconscious motives and conflicts as determinants of human behavior.

Trait

A relatively stable and long-lasting attribute of personality.

Psychological Triad

The combination of thoughts, feelings, and behaviors that constitute an individual's psychological functioning.

Rigorous Methods

Strict and precise techniques or procedures applied in research or study to ensure validity and reliability.