A Reason the Production Possibilities Frontier Exists Is

question 51

Multiple Choice

A reason the production possibilities frontier exists is

• A) unlimited resources and technology.
• B) scarcity of resources.
• C) scarcity of resources and unlimited technology.
• D) unemployment.
• E) that people's wants are unlimited.

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Definitions:

Mean-Level Change

A statistical term describing the change in the average score of a population on a certain measure over time.

Neuroticism

An attribute of one's character identified by changeable temperaments, unease, and unpredictable emotional reactions.

Committed Relationships

Bonds between individuals that are typified by mutual affection, love, trust, and the decision to remain together, often in a formalized arrangement like marriage.

Intellectual Ideas

Intellectual ideas pertain to or involve the exercise of the intellect, innovative concepts, or theories.