Suppose There Is No Unemployment in the Economy and Society

question 50

Multiple Choice

Suppose there is no unemployment in the economy and society decides that it wants more of one good.Which of the following statements is true?

• A)It can only achieve this with an advance in technology.
• B)It can increase output without giving up another good.
• C)It can only achieve this with an increase in resource supplies.
• D)It will have to give up production and consumption of some other good.

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Definitions:

Mainstream Society

A term referring to the dominant trends, values, and norms of a society or social group in which the majority participates.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Social Class

A categorization of individuals in a community by their social and economic positions.

Marriage

A legally or formally recognized union between two people as partners in a personal relationship.