Multiple Choice
If a country's production possibilities curve gets more bowed out over time, it is an indication that
A) technological change has taken place.
B) society is learning to use its resources more efficiently.
C) the quantity of labor and capital have increased.
D) resources have become more highly specialized.
Correct Answer:
Verified
Correct Answer:
Verified
Q101: Explain why even the most affluent people,
Q102: Suppose you have three choices-go to a
Q103: The production possibilities curve (PPC) illustrates economic
Q104: Efficiency can correctly be defined as<br>A) producing
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -If the farmer
Q107: Economists argue that unhindered international trade leads
Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q109: Scarcity exists because<br>A) there is a temporary
Q110: When an economy sacrifices production of consumption
Q111: Wants<br>A) is another term for needs.<br>B) refer