-The Table Above Shows the Production Possibilities for an Economy

question 326

Multiple Choice

-The table above shows the production possibilities for an economy.When the economy produces a combination of 900 books and 50 loaves of bread,

• A) production efficiency occurs because resources are not overused.
• B) allocative efficiency is achieved because both goods are produced.
• C) production efficiency is not achieved.
• D) allocative and production efficiency are both achieved.
• E) production efficiency is not achieved but allocative efficiency might be achieved.

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Definitions:

Unconscious Prejudice

Refers to biases or attitudes towards others that individuals are not consciously aware of but can influence their behavior and decisions.

Court Rulings

Judicial decisions made by a court following a litigation process.

Unconscious Bias

Refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner.

Discriminate

To make distinctions between things or people, which can be benign (as in discerning tastes) or illegal/morally problematic when based on prejudice against certain groups.