A Nation's Production Possibilities Curve Is "Bowed Out" from the Origin

question 143

Multiple Choice

A nation's production possibilities curve is "bowed out" from the origin because:

• A)resources are not equally efficient in producing every good.
• B)the originator of the idea drew it this way and modern economists follow this convention.
• C)resources are scarce.
• D)wants are virtually unlimited.

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Definitions:

Token Economy

A system of behavior modification based on the systematic reinforcement of target behavior through the exchange of tokens that can be redeemed for various rewards.

Participant Modeling

A therapeutic technique wherein a therapist first demonstrates a desired behavior in a step-by-step process, then the client attempts to imitate the behavior with guidance.

Antipsychotic Drugs

Drugs used to control severe psychotic symptoms, such as delusions, hallucinations, disorganized speech, and disorganized behavior, by inhibiting dopamine activity; also known as neuroleptics.

Neuroleptics

A class of medication primarily used to manage psychosis, notably in schizophrenia and bipolar disorder, also known as antipsychotics.