The Shape of the Production Possibilities Curve in the Above

question 216

Multiple Choice

The shape of the production possibilities curve in the above figure indicates that

• A) production of corn is characterized by increasing costs while the production of cloth is characterized by decreasing costs.
• B) production of both corn and cloth is characterized by increasing costs.
• C) production of both corn and cloth is characterized by constant costs.
• D) production of corn is characterized by constant costs and the production of cloth is characterized by increasing costs.

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Definitions:

Long-Term Potentiation

A process that increases the strength of synapse connections, enhancing the ability to learn and remember.

Synaptic Responsiveness

The ability of synapses, the connections between neurons, to change in strength in response to increases or decreases in their activity.

Short-Term Memories

Memories that are held for a short period of time, typically seconds to minutes, before being forgotten or transferred to long-term memory.

Long-Term Memories

Memories that can last from a few days to a whole lifetime, involving the storage of information about past events, experiences, and learned skills.