The Production Possibilities Curve Shows

question 184

Multiple Choice

The production possibilities curve shows:

• A)the various combinations of two goods which can be produced when society uses its scarce resources efficiently.
• B)the minimum outputs of two goods which will sustain a society.
• C)the various combinations of two goods which can be produced when some resources are unemployed.
• D)the ideal, but unattainable, combinations of two goods which would maximize consumer satisfactions.

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Definitions:

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related task.

Reliability

The degree to which an assessment tool produces stable and consistent results across multiple trials and instances.

Intelligence Scores

Numerical assessments derived from standardized tests designed to measure human intelligence and cognitive abilities.

Preschool Student

A child who attends an educational establishment designed to prepare them for primary school, typically aged between 3 and 5 years.