Technological Progress Makes the Production Possibilities Frontier

question 252

Multiple Choice

Technological progress makes the production possibilities frontier

• A) shift inward toward the origin.
• B) become more linear and less bowed.
• C) shift outward from the origin.
• D) become less linear and more bowed.

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Definitions:

Hostile Competition

A form of competition that includes negative behaviors, such as sabotage or aggression, to win or gain an advantage.

Peaceful Societies

Communities or cultures that are characterized by low levels of violence and a high degree of social harmony and cooperation.

Cooperative Societies

Organizations owned and run jointly by its members, who share the benefits or profits equally or according to their contribution.

Stereotypes

Oversimplified generalizations about groups of people that may or may not reflect reality.