The Production Possibilities Curve Is

question 39

Multiple Choice

The production possibilities curve is:

• A) the boundary that divides all production combinations into efficient and inefficient ones.
• B) a graph illustrating the production combinations society would like to choose.
• C) the boundary that divides all production combinations into attainable ones and unattainable ones.
• D) a graph illustrating supply curves for different combinations of output.

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Definitions:

Decoding Process

Receipt and translation of information by the receiver.

Conversion

The process of turning prospects into actual customers by influencing them to take a desired action, such as making a purchase.

Mirroring

When people take part in similar actions at relatively the same time (i.e., within three to five seconds).

Mimicry

The action or art of imitating someone or something, often as a learning mechanism, entertainment, or survival strategy.