A Point Outside a Society's Production Possibilities Curve Is One

question 159

Multiple Choice

A point outside a society's production possibilities curve is one that is

• A) unattainable given the resources of the society.
• B) technologically inefficient.
• C) undesirable given the implied underemployment of resources.
• D) desirable since it satisfies the desires of the population.

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Definitions:

Cultural Differences

The distinct social behaviors, practices, norms, and values that differentiate groups of people or societies from one another.

Schooling

The process of receiving formal education in an institutional setting like schools.

Everyday Problem Solving

The mental process of finding solutions to practical issues encountered in daily life.