Given Below Is the Production Possibilities Schedule for a Small

question 65

Multiple Choice

Given below is the production possibilities schedule for a small island nation in South Pacific that produces capital and consumer goods.Table 2.3

-Refer to Table 2.3. Identify the correct statement.

• A)The best the economy can do is to produce 10 units of capital goods and 4 units of consumer goods.
• B)The best the economy can do is to produce no capital goods and produce 2 units of consumer goods.
• C)If the economy produces 10 units of capital goods and no units of consumer goods, there is unemployment.
• D)If the economy produces 4 units of capital goods, it can manage to produce only 3 units of consumer goods.
• E)In order to produce the 10th unit of capital goods, 4 units of consumer goods must be forgone.

---

Definitions:

Sociohistorical Context

The combination of social and historical circumstances at a particular time that influence the environment or development of individuals and societies.

Freud's Theory

A comprehensive theory of human psychology that emphasizes unconscious processes, the significance of childhood experiences, and the role of sexual and aggressive drives in personality development.

Empirical

Connects to, is concerned with, or is verifiable by firsthand observation or involvement in experiences over abstract theory or logical premises.

Multifactorial

Having many factors that contribute to it, often used in the context of genetics, behavior, and disease causation.