What Determines the Position and Shape of a Society's Production

question 136

Multiple Choice

What determines the position and shape of a society's production possibilities curve?

• A)​the physical resources of that society
• B)​the level of technology of the society
• C)​the number of factories available to the society
• D)​all of the above

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Definitions:

Marketing Concept

Companywide consumer orientation to promote long-run success.

Big Data

Large volumes of data that can be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impact that these processes have on the consumer and society.

Cause Marketing

Marketing that promotes a cause or social issue, such as preventing child abuse, anti-littering efforts, and stop-smoking campaigns.