Production Is Efficient When

question 300

Multiple Choice

Production is efficient when

• A)it generates a point beyond the production possibility curve.
• B)the maximum output possible is being produced given current levels of resources and technology.
• C)technological change occurs.
• D)the maximum amounts of the most important good are produced.

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Definitions:

Telepathy

The supposed communication of thoughts or ideas through means other than the known senses, considered pseudoscience by mainstream science.

Extrasensory

Pertaining to perception or communication outside of the normal sensory processes, often referred to as ESP or sixth sense.

Perception

The process by which individuals interpret and organize sensory information to produce a meaningful experience of the world.

Emotions

Complex psychological states that involve a subjective experience, a physiological response, and a behavioral or expressive response.