The Production Possibilities Curve Tells Us That If Full Employment

question 50

Multiple Choice

The production possibilities curve tells us that if full employment exists and a nation wishes to permanently increase its production of military goods,it must

• A)also increase its production of nonmilitary goods.
• B)reduce its output of nonmilitary goods.
• C)suffer inflation.
• D)suffer unemployment.

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Definitions:

RNA

Ribonucleic acid. Nucleic acid with roles in gene expression. Most are single-stranded chains of ribonucleotides (adenine, guanine, cytosine, and uracil). See messenger RNA, transfer RNA, ribosomal RNA.

Protein

Organic molecule that consists of one or more polypeptides.

Initiator tRNA

A special type of transfer RNA that begins the process of translating a mRNA molecule to a protein by carrying the first amino acid of the protein.

mRNA

Messenger RNA, a single-stranded RNA molecule that conveys genetic information from DNA to the ribosome, where proteins are synthesized.