All Output Combinations That Lie Outside a Production Possibilities Curve

question 74

True/False

All output combinations that lie outside a production possibilities curve are attainable with available resources and technology.

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Definitions:

Obedience

Behaving in accordance with the rules and commands of those in authority.

Halo Effect

A cognitive bias where the perception of a particular trait is influenced by the perception of former traits in a sequence of interpretations.

Reciprocal Liking

The phenomena where people tend to like others who like them in return.

Primacy Effect

The cognitive phenomenon where individuals are more likely to remember and give more weight to information that is presented first in a series.