Exhibit 2-3

question 154

Multiple Choice

Exhibit 2-3
-Point g in Exhibit 2-3 is efficient because

• A)the only way to increase production of A is by decreasing production of B
• B)the economy can increase production of both A and B from point b
• C)it is impossible to move to any other point along the production possibilities frontier
• D)it is impossible to move to any other point inside the production possibilities frontier
• E)no other production possibilities frontier exists

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Definitions:

Sites

Locations, either physical or digital (such as websites), where activities are conducted or information can be accessed.

Top

Refers to the highest level or best performance within a given category, hierarchy, or system.

Affective Choice

Process in which consumers make a choice based on how they think the product will make them feel.

Evaluative Criteria

The attributes a consumer considers important about a certain product.