Over Time, an Increase in a Nation's Stock of Physical

question 112

Multiple Choice

Over time, an increase in a nation's stock of physical capital will

• A) shift the production possibilities curve inward.
• B) cause an economy to operate inside its production possibilities curve.
• C) shift the production possibilities curve outward.
• D) eliminate the basic economic problem of scarcity.

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Definitions:

GEO

Geostationary Earth Orbit, a circular geosynchronous orbit directly above the earth's equator and following the direction of the earth's rotation.

LEO

Low Earth Orbit, an orbit around Earth at an altitude between about 160 kilometers and 2,000 kilometers, commonly used for satellites, including those for communication and earth observation.

MEO

Medium Earth Orbit, a term used in satellite communications to describe the orbit of satellites located approximately 2,000 to 35,786 kilometers above the earth's surface.

GPS System

Global Positioning System, a satellite-based navigation system used to determine the precise location of an object or person on Earth.