Figure 1.2 -​If an Economy Is Producing at a Point on the Point

question 77

Multiple Choice

Figure 1.2
-​If an economy is producing at a point on the production possibilities curve it represents:

• A)full employment of existing resources.
• B)the ​gains from trade that an economy can enjoy.
• C)the maximum amount of two goods that can be produced with existing resources.
• D)​decreasing opportunity costs of producing both goods.
• E)​overutilization of existing resources.

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Definitions:

Failure

The lack of success in achieving or accomplishing a desired goal or objective.

Diversity

The presence of a wide range of variation in qualities, attributes, or characteristics among people, organisms, or objects.

Prosocial Behavior

Positive, helpful, and intended to promote social acceptance and friendship actions.

Educational Programming

The planning, development, and implementation of instructional projects and curricula in educational settings.