A Country's Production Possibilities Curve Is Concave to the Origin

question 69

Multiple Choice

A country's production possibilities curve is concave to the origin (i.e. ,bowed out from the origin) because

• A) of the principle of scarcity.
• B) the production of one good is expanded by first employing those resources with an absolute advantage.
• C) the production of one good is expanded by first employing those resources with the lowest opportunity cost.
• D) there is a trade off that requires a decrease in the production of one good in order to increase the production of the other good.
• E) of the principle of absolute advantage.

Identify the energy source with the highest net energy ratio for various applications.

Recognize the primary consumption of oil in the United States.

Estimate when affordable oil supplies are projected to deplete.

Learn the timeframe required to phase in new energy alternatives.

---

Definitions:

Parkinson's Disease

A progressive neurological disorder characterized by tremors, stiffness, and difficulty with movement and coordination.

Hypnosis

A trance-like state of focus and concentration achieved with the help of a clinical hypnotherapist. This state is similar to being completely absorbed in a book, movie, music, or even one's own thoughts or meditations.

Professional Portfolio

A compilation of work samples and professional achievements that showcases an individual's skills and experiences.

Technical Skills

Specific abilities and knowledge needed to perform particular tasks in fields such as IT, engineering, science, or finance, often acquired through education or training.