If a Society Is Operating on Its Production Possibilities Frontier,and

question 47

Multiple Choice

If a society is operating on its production possibilities frontier,and then decides to produce less health care,

• A) its standard of living will fall
• B) its standard of living will improve
• C) some of its resources will become unemployed
• D) it will be able to produce more of some other good or service
• E) the opportunity cost of producing health care will rise

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Definitions:

Encoding

The initial process of converting information into a form that can be stored in memory.

Retrieval

The process of getting information out of memory storage to be used in response to a cue or question.

Critical Thinking Skill

The ability to analyze information objectively, evaluate arguments and evidence, and make reasoned judgments and decisions.

Encoding

The act of altering information into a state that can be preserved in memory.