Resource Use Is Allocative Efficient

question 81

Multiple Choice

Resource use is allocative efficient

• A) when it is not possible to produce more of one good.
• B) when we produce goods and services that we value most highly.
• C) when most resources are fully employed.
• D) at any point on the PPF.
• E) at all points either on or within the PPF because all these production points are attainable.

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Definitions:

Personality Theory

The study of personality that aims to understand the differences in individuals’ characteristics, behaviors, and thinking patterns.

Psychic Energy

In psychoanalytic theory, a fundamental concept representing the drive or force within the psyche that motivates human behavior.

Libido

To Freud, the form of psychic energy, manifested by the life instincts, that drives a person toward pleasurable behaviors and thoughts. To Jung, a broader and more generalized form of psychic energy.

Primary Motivation

The underlying drives or forces that stimulate action or behavior, often relating to basic needs such as hunger, thirst, or safety.