When Every Good or Service Is Produced Up to the Point

question 162

Multiple Choice

When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it,________ occurs.

• A)allocative efficiency
• B)productive efficiency
• C)equity
• D)efficient central planning

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Definitions:

Rogers's Person-Centered Therapy

A therapeutic approach developed by Carl Rogers focusing on an individual's self-worth and values, emphasizing empathy, unconditional positive regard, and genuine interactions from therapists.

Resistance

Opposition or unwillingness to accept or comply with something.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as the highest need in Maslow's hierarchy of needs.

Psychological Disorders

Mental processes and/or behavior patterns that cause emotional distress and/or substantial impairment in functioning.