When More Resources in an Economy Are Devoted to the Production

question 57

Multiple Choice

When more resources in an economy are devoted to the production of capital goods, what happens to the production possibilities curve?

• A) The production possibilities curve is unchanged from period to period.
• B) The production possibilities curve in the current period shifts inward, but shifts outward in the future.
• C) The production possibilities curve shifts inward.
• D) The production possibilities curve shifts outward in the future.

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Definitions:

Reservation Policy

A governmental policy that sets aside lands specifically for indigenous peoples.

Carlisle School

A Native American boarding school in Pennsylvania established in 1879, aiming to assimilate Indigenous children into Euro-American culture, often through harsh methods.

Richard Pratt

A U.S. Army officer known for founding the Carlisle Indian Industrial School, noteworthy for his controversial "kill the Indian, save the man" approach to the assimilation of Native Americans into white culture.

Hampton Institute

A historically black university located in Hampton, Virginia, originally established to educate freed slaves and Native Americans.