If a Country's Production Possibilities Boundary Is Drawn as a Straight

question 62

Multiple Choice

If a country's production possibilities boundary is drawn as a straight (downward-sloping) line it indicates

• A)decreasing opportunity cost of producing more of either good.
• B)the use of the scarce resources in an economy.
• C)constant opportunity cost of producing more of either good.
• D)an unfair distribution of resources in an economy.
• E)increasing opportunity cost of producing more of either good.

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Definitions:

Differentiated Sense

refers to a heightened or refined ability to perceive nuances in stimuli or environments, distinguishing subtle differences.

General Self-Worth

refers to an individual's overall evaluation or assessment of their own value and self-esteem.

Cognitive Competence

The ability to understand, process, and utilize information effectively.

Social Compensation

The effort to perform at a higher level in social situations where one feels inferior or has experienced rejection, in order to compensate for perceived shortcomings.