When Society Must Decrease the Production of Something in Order

question 99

Multiple Choice

When society must decrease the production of something in order to produce more of another good or service,society has necessarily achieved

• A) only production efficiency.
• B) only allocative efficiency.
• C) both production efficiency and allocative efficiency.
• D) a free lunch.
• E) the maximum opportunity cost..

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Definitions:

Thalamus

The forebrain structure that sits at the top of the brain stem in the brain’s central core and serves as an important relay station.

Two-factor Theory

The Two-factor Theory proposes that human emotions are the result of a combination of physiological arousal and the cognitive labeling of that arousal.

Drive Reduction Theory

A motivational theory proposing that the maintenance of homeostasis motivates behavior that reduces drives arising from physiological needs.

James-Lange Theory

A psychological theory suggesting that emotions result from people's interpretations of bodily reactions to external events.