Multiple Choice
If a country's production possibilities curve gets more bowed out over time,we know that
A) resources have become more highly specialized.
B) society is learning to use its resources more efficiently.
C) the quantity of labour and capital have increased.
D) technological change has taken place.
Correct Answer:
Verified
Correct Answer:
Verified
Q43: A straight-line production possibilities curve would indicate
Q44: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-2
Q45: The division of labour refers to<br>A)the separation
Q46: People who argue in favour of laissez-faire<br>A)believe
Q47: With resource specialization,<br>A)opportunity costs tend to be
Q49: Freely adjusting prices,profits,and private property are most
Q50: Figure 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-1
Q51: A point outside a society's PPC is<br>A)technologically
Q52: Figure 2-3<br>Tonnes<br>of<br>Soybeans <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-3 Tonnes
Q53: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-2