From a Point Inside the Production Possibility Frontier

question 167

Multiple Choice

From a point inside the production possibility frontier,

• A)​more of one good can be produced only by sacrificing some output of another good.
• B)​it is possible to increase production of both goods.
• C)​it is impossible to increase production of either good with current resources and technology.
• D)​increased output of both goods can only occur if the production possibility curve shifts outward.

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Definitions:

Median Voter Theorem

A principle suggesting that the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.

Political Parties

Organizations that seek to attain political power within a government, usually by participating in electoral campaigns and organizing in the pursuit of common political goals.

Policy Stances

The positions or attitudes adopted by governments or organizations on certain public issues, especially in the form of laws, regulations, or actions.

First Consul

A title given to Napoleon Bonaparte in 1799, marking his significant political and military leadership in France.