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.

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities that occurs in a person, influencing learning and problem-solving.

Transfer Knowledge

The process of applying skills, knowledge, or understanding gained in one context to a different, often new, context.

Negativism

A personality trait or behavior characterized by stubbornness, resistance to suggestions, and a pessimistic outlook, often seen in various psychiatric conditions.

Imitate Behavior

The act of copying or mimicking the actions, mannerisms, or speech of another.