The Production Possibilities Curve Illustrates

question 26

Multiple Choice

The production possibilities curve illustrates

• A)The limitations that exist because of scarce resources.
• B)That there is no limit to what an economy can produce.
• C)That there is no limit to the level of output.
• D)The existence of unlimited wants and resources.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially based on race, age, or sex.

Group Polarization

The phenomenon where the attitude of a group towards a particular issue becomes more extreme than the initial inclination of its members following group discussions.

Deindividuation

A concept in social psychology that describes the loss of self-awareness in groups, which can lead to disinhibited and impulsive behavior.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, often performing better on simpler or well-practiced tasks.