Production Is Efficient If the Economy Is Producing at a Point

question 235

Multiple Choice

Production is efficient if the economy is producing at a point

• A)on the production possibilities frontier.
• B)outside the production possibilities frontier.
• C)on or inside the production possibilities frontier.
• D)inside the production possibilities frontier.

---

Definitions:

External Factors

Elements outside an individual or system that influence or affect their behavior and outcomes.

Robert Plutchik

An American psychologist known for his psychoevolutionary theory of emotion and the creation of the "wheel of emotions."

Primary Emotion

Basic emotions that are universally recognized and experienced by people regardless of culture, including happiness, sadness, fear, disgust, surprise, and anger.

Secondary Emotions

Emotions that are complex and involve a combination of primary emotions, such as guilt, shame, and pride.