An Economy's Production of Two Goods Is Efficient If

question 238

Multiple Choice

An economy's production of two goods is efficient if

• A)all members of society consume equal portions of the goods.
• B)the goods are produced using only some of society's available resources.
• C)it is impossible to produce more of one good without producing less of the other.
• D)the opportunity cost of producing more of one good is zero.

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Definitions:

Sense of Touch

The sense of touch is one of the five major senses, involving the perception of pressure, temperature, and pain through skin contact.

Sight

The faculty or power of seeing; the visual perception provided by the eye.

Hearing

The ability to perceive sound by detecting vibrations through an organ such as the ear.

Somatosensory Cortex

A part of the brain that processes sensory information from various parts of the body.