When an Economy Is Operating Efficiently,the Production of One More

question 141

Multiple Choice

When an economy is operating efficiently,the production of one more unit of a good will result in the production of less of another good because:

• A) technology can only improve the production of one good.
• B) the PPF shifts inward as more of only one good is produced.
• C) resources are limited and efficiency implies that all resources are already in use.
• D) consumers will not want more of both goods.

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Definitions:

Dopamine

A neurotransmitter involved in many brain functions, including reward and motivation, motor control, and the regulation of mood.

Rebound Insomnia

A condition where difficulty sleeping reoccurs or worsens after discontinuing sleeping pills, leading to temporary sleep disturbances.

REM Sleep

A phase of sleep characterized by rapid eye movements, dreaming, and increased brain activity, playing a critical role in memory consolidation and emotional regulation.

Addicted

A chronic condition characterized by compulsive engagement in rewarding stimuli, despite adverse consequences.