When Constructing a Production Possibilities Frontier, Which of the Following

question 49

Multiple Choice

When constructing a production possibilities frontier, which of the following is NOT an assumption?

• A) The economy produces more than two goods.
• B) All the economy's factors of production are being used.
• C) The economy has a fixed level of technology.
• D) The economy's available factors of production are fixed.

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Definitions:

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, which gives rise to the outer layer of skin, nails, hair, and nervous system.

Inner Layer

The deeper or internal part of something, often used in a metaphorical sense to describe the core aspects of concepts or objects.

Endoderm

The innermost layer of cells or tissue of an embryo in early development, giving rise to the lining of the digestive and respiratory systems.

Ectoderm

The outermost layer of cells in the developing embryo, giving rise to the nervous system and skin.