As We Move Along a Production Possibilities Curve and Acquire

question 90

Multiple Choice

As we move along a production possibilities curve and acquire larger and larger amounts of one good (e.g. ,guns) ,the sacrifices of the alternative good (e.g. ,butter) become larger and larger.This is an illustration of

• A)the law of demand.
• B)the law of large numbers.
• C)the law of supply.
• D)decreasing opportunity costs.
• E)increasing opportunity costs.

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Definitions:

Emotional Intelligence

The ability to understand emotions in oneself and others in order to effectively manage one’s own behaviors and relationships with others.

Cognitive Dissonance

A psychological conflict resulting from incongruent beliefs and attitudes held simultaneously.

Creativity-Relevant Processes

Cognitive and behavioral processes that facilitate the production of novel and useful ideas or solutions.

Domain-Relevant Skills

The specific abilities and knowledge that are particularly valuable and applicable to a certain field or area of expertise.