Figure 113 Shows Mendork's Production Possibility Curve for the Only Two

question 49

Multiple Choice

Figure 1.13 shows Mendork's production possibility curve for the only two goods that it produces-guns and butter.

-Refer to Figure 1.13 to answer this question.Which of the following statements is correct if Mendork is currently producing 5 tonnes of butter and 8 guns?

• A)This society is using competition to coordinate its economic activities.
• B)This society is experiencing either unemployment or inefficiency.
• C)This economy is experiencing full employment.
• D)This society is not adequately answering the "for whom" question.
• E)This economy is growing quickly.

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Definitions:

Classical Conditioning

The act of acquiring knowledge via the ongoing pairing of two stimuli, which leads to a response that initially responds to the second stimulus but eventually responds to the first stimulus.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which influences the likelihood of that behavior being repeated.

Doorbell Rings

A sound signaling someone at the door, commonly used in psychological experiments to study conditioned responses.

Schedules of Reinforcement

The specific patterns and rules of delivering reinforcements in operant conditioning that influence the strength and rate of behavior.