When Resources Are Used Efficiently, a Country Can Produce More

question 66

Multiple Choice

When resources are used efficiently, a country can produce more of one good, ceteris paribus, only by:

• A)printing more money.
• B)charging a lower price for output.
• C)charging a higher price for output.
• D)producing less of another good.
• E)reducing the amounts of inputs.

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Definitions:

Labeling

The process by which individuals or groups are assigned a label that defines them, often leading to societal stigma or stereotyping.

Differential Association

A theory in sociology positing that people pick up deviant behaviors from their close contacts who act as examples of and give chances for engaging in such behaviors.

Customary Norms

Rules of behavior that are based on long-standing practices or traditions within a society or group.

Informal Deviance

Behaviors that violate informal social norms or expectations, which are not codified into law.