The 'Production Possibility Frontier Model' Assumes Which of the Following

question 70

Multiple Choice

The 'production possibility frontier model' assumes which of the following?

• A)Labour, capital, land and natural resources are unlimited in quantity.
• B)The economy produces only two products.
• C)Any level of the two products that the economy produces is currently possible.
• D)The level of technology is variable.

---

Definitions:

Punishment

Any event or object that, when following a response, makes that response less likely to happen again.

Positive Reinforcement

The reinforcement of a response by the addition or experiencing of a pleasurable stimulus.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, making it more likely to occur again in the future.

Negative Reinforcement

The reinforcement of a response by the removal, escape from, or avoidance of an unpleasant stimulus.