If an Economy Keeps Increasing Its Capital Stock, Then Over

question 165

Multiple Choice

If an economy keeps increasing its capital stock, then over time its production possibilities curve will:

• A) not move.
• B) shift to the left.
• C) shift to the right.
• D) disappear because scarcity ceases to exist.
• E) demonstrate massive job loss for workers.

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Definitions:

Binomial Distribution

A statistical distribution representing the number of successes in a fixed number of independent trials, with each trial having two possible outcomes.

Symmetric

A shape or distribution where one half is a mirror image of the other half, indicating that the data values are equally spread around the center.

Probability of Success

The likelihood or chance that a specific event or outcome will occur, often represented as a percentage or a value between 0 and 1.

Discrete Random Variable

A variable that can take on a finite or countably infinite number of values, representing outcomes of a random process.