The Fact That Resources Are Not Equally Productive in All

question 49

Multiple Choice

The fact that resources are not equally productive in all activities

• A)implies that a production possibilities frontier will be bowed outward.
• B)implies that gains from specialization and trade are unlikely.
• C)follows from the law of demand.
• D)implies a linear production possibilities frontier.
• E)implies that an economy should not produce certain goods.

---

Definitions:

Teleconferencing

A method of using electronic media to conduct meetings or discussions among people in different locations, via audio, video, or web-based platforms.

Videopresence

Utilizes video conferencing technology to create a virtual presence for communication or collaboration, irrespective of the geographical location of the participants.

WANs

Wide Area Networks (WANs) are telecommunications networks that extend over large geographical distances, connecting different smaller networks such as local area networks (LANs).

LANs

Local Area Networks (LANs) are networks that connect computers and devices in a limited geographical area such as a home, school, or office building, facilitating communication and resource sharing.