What Is Critical Thinking

question 48

Multiple Choice

What is critical thinking?

• A) Questioning what you read and not necessarily agreeing with it
• B) Using a theory based on your own view
• C) Looking for reasons for accepting something as being correct or true
• D) Criticising the arguments of others and putting your own forward

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Definitions:

Production Possibility Frontier

Describes the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.

Ppf

Production Possibility Frontier, a curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Capital Goods

Long-term assets used in the production of other goods and services, such as machinery, buildings, and equipment.