If an Economy Is Operating on Its Production Possibilities Frontier

question 112

Multiple Choice

If an economy is operating on its production possibilities frontier (PPF) , are there any unemployed resources in the economy?

• A)Yes, because if there weren't any unemployed resources the economy would be producing beyond its PPF.
• B)No, because if there were any unemployed resources the economy would be producing below its PPF.
• C)It depends on whether the economy's PPF is a concave (downward-sloping)curve or a straight line.
• D)Yes, because there are always some natural resources that are unemployed.

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Definitions:

Experimental Science

A scientific discipline that relies on controlled experiments to investigate the relationships between variables.

Culture

The shared attitudes, values, norms, practices, languages, and artifacts that characterize a group of people.

Anthropologists

Scholars who study human societies, cultures, and their development.

Exotic Cultures

Cultures considered to be unusual or different from the observer's own cultural background.