At a Point on a Production Possibilities Curve, Opportunity Cost

question 153

Multiple Choice

At a point on a production possibilities curve, opportunity cost of more capital goods today is

• A) fewer capital goods in the future.
• B) fewer consumer goods in the future.
• C) fewer consumer goods today.
• D) more unemployed resources in the future.

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Definitions:

Psychosexual Development

A Freudian concept outlining how personality development takes place through stages during childhood, centered around the gratification of libidinal urges.

Fixation

An obsessive focus or attachment to a person, concept, or object, often stemming from unresolved developmental conflicts.

Striving for Superiority

A concept introduced by Alfred Adler, suggesting that a primary motivation for human behavior is the drive to overcome feelings of inferiority.

Psychological Disturbances

Conditions affecting mental health, leading to deviations from expected thoughts, emotions, or behavior.