In a Certain Economy,jam and Bread Are Produced,and the Economy

question 107

Multiple Choice

In a certain economy,jam and bread are produced,and the economy currently operates on its production possibilities frontier.Which of the following events would allow the economy to produce more jam and more bread,relative to the quantities of those goods that are being produced now?

• A)Unemployed labor is put to work producing jam and bread.
• B)The economy puts its idle capital to work producing jam and bread.
• C)The economy experiences economic growth.
• D)All of the above are correct.

---

Definitions:

Cognitive Development

The process by which individuals perceive, think, and gain understanding of their world through the interaction and influence of genetic and learned factors.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.

Jean Piaget

A Swiss psychologist known for his pioneering work in the field of developmental psychology, particularly for his theory of cognitive development in children.

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of human beings, which outlines eight stages from infancy to adulthood.