The Concept of a Setting in Community Psychology May Refer

question 20

Multiple Choice

The concept of a setting in community psychology may refer to which of the things below?

• A)a microsystem
• B)an organization
• C)a locality
• D)either 'a' or 'b'

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Definitions:

Opportunity Costs

The cost of foregone alternatives when a decision is made to pursue a particular course of action over others.

Production Possibilities Frontier

A curve depicting the maximum output combinations of two goods that can be produced given available resources and technology.

Opportunity Cost

The cost of what is foregone in order to pursue a certain action or decision.

Bowed-out

A term often used to describe a production possibility frontier that is concave from the origin, indicating increasing opportunity costs as more of one good is produced.