If an Economy Is Productively Inefficient,it Could Improve Its Situation

question 119

Multiple Choice

If an economy is productively inefficient,it could improve its situation by

• A)moving along its production possibilities boundary.
• B)moving beyond its production possibilities boundary.
• C)moving onto its production possibilities boundary.
• D)acquiring more resources.
• E)trading some of its resources.

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Definitions:

Ethnocentrism

The tendency to believe that one's own culture or ethnic group is superior to others, which can lead to biased judgments and interactions with people from different backgrounds.

Cultural Preference

Refers to the predispositions and choices influenced by an individual's cultural background, affecting various aspects of behavior and decision-making.

Superior

An individual who holds a higher position or rank, often having authority over others within an organizational hierarchy.

Discomfort

a mild state of physical or psychological unease, often less intense than pain or distress, potentially caused by discomforting environment, situation, or stimulation.