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:

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a body surface.

Exogenous

Originating from outside an organism or system.

Brain

The central organ of the human nervous system, responsible for processing information and controlling bodily functions.

Agonist

A substance that activates a receptor to produce a biological response.