The Production Possibilities Curve Represents the Fact That

question 55

Multiple Choice

The production possibilities curve represents the fact that:

• A) the economy will automatically end up at full employment.
• B) an economy's productive capacity increases proportionally with its population.
• C) if all resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.
• D) economic production possibilities have no limit.

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Definitions:

Negative Message

A message in which basic information conveyed is negative; the reader is expected to be disappointed or angry.

Policy Change

An adjustment or modification to the rules, guidelines, or principles that govern an organization, system, or society.

Product Recall

The process of retrieving defective or potentially unsafe goods from consumers, often due to safety concerns.

Performance Review

An assessment and discussion involving a manager and an employee regarding the latter's job performance and growth, often to determine promotions or raises.