When an Economy Is Operating at a Point on Its

question 173

Multiple Choice

When an economy is operating at a point on its production possibilities frontier,then

• A)consumers are content with the mix of goods and services that is being produced.
• B)there is no way to produce more of one good without producing less of the other.
• C)equal amounts of the two goods are being produced.
• D)All of the above are correct.

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Definitions:

Biological Explanation

An account that uses biological factors, such as genetic, neurological, or physiological mechanisms, to understand phenomena or behaviors.

Motor Tasks

Activities or operations requiring the movement and coordination of muscles and limbs.

Running

A form of terrestrial locomotion allowing humans and other animals to move rapidly on foot.

Throwing

The action of propelling something through the air with force, typically by a swift arm movement.