A Business Cycle Trough Is a

question 2

Multiple Choice

A business cycle trough is a

• A) small positive deviation from trend in real GDP.
• B) relatively large positive deviation from trend in real GDP.
• C) small negative deviation from trend in real GDP.
• D) relatively large negative deviation from trend in real GDP.

Recognize that economic growth is reflected by an outward shift in the PPF and understand factors contributing to such growth.

Understand why the PPF is typically bowed-out due to the varying adaptability of resources in the production of different goods.

Understand the concept of mixed economy and how resources are allocated in such an economy.

Grasp the principle of rational decision-making and opportunity cost.

---

Definitions:

Childbearing

The process of giving birth to children and the phase in an individual's or couple's life that involves raising young offspring.

Infant Mortality

The death of children under the age of one year, often measured as a rate per thousand live births in a given region or country.

Birth Defects

Abnormalities present at birth that can cause physical or mental disabilities, ranging from mild to severe.

Cesarean Section

A surgical procedure used to deliver a baby through incisions in the mother's abdomen and uterus.