Increasing Opportunity Costs Suggest That

question 69

Multiple Choice

Increasing opportunity costs suggest that

• A) resources are not perfectly shiftable between the production of two goods.
• B) resources are fully shiftable between the production of two goods.
• C) a country's production possibilities frontier appears as a straight line.
• D) a country's production possibilities frontier is bowed inward (i.e., convex) in appearance.

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Definitions:

Good Neighbor Policy

Policy proclaimed by President Franklin D. Roosevelt in his first inaugural address in 1933 that sought improved diplomatic relations between the United States and its Latin American neighbors.

Platt Amendment

1901 amendment to the Cuban constitution that reserved the United States’ right to intervene in Cuban affairs and forced newly independent Cuba to host American naval bases on the island.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, whose term was marked by the onset of the Great Depression.

America First Committee

A non-interventionist group formed in the United States prior to World War II that advocated for keeping the US out of the conflict.